Litecoin LTC/USD traded at 135.67 and continue to move within the correction and the upward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $8 473 086 475. Moving averages indicate the presence of an upward trend in Litecoin. At the moment, we should expect an attempt to fall and a test of the support level near the area of 130.85. Where can we expect a rebound again and the continuation of the growth of the Litecoin rate with a potential target above the level of 165.05.
Litecoin Forecast and LTC/USD Analysis June 27, 2019
The test of the support line on the relative strength index (RSI) will be in favor of the growth of LTC/USD quotes. The second signal will be a rebound from the lower boundary of the rising channel. The cancellation of the growth option will be a strong fall and a breakdown of the area of 115.85. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of the cryptocurrency rate with a potential target below the level of 105.55. With the breakdown of the resistance area and the closing of quotations above the 150.55 area, we should expect confirmation of the development of the upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis June 27, 2019 involves an attempt to test the support area near the level of 130.85. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 165.05. An additional signal in favor of growth of Litecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area 115.85. This will indicate a continued decline in cryptocurrency with a goal below 105.55.