Litecoin Forecast and LTC/USD Analysis June 28, 2019


Litecoin LTC/USD are trading at 118.01 and continue to move as part of a sharp fall. Cryptocurrency capitalization at the time of the publication of the forecast is $7 294 940 899. Moving averages indicate a short-term bearish trend in Litecoin. At the moment, we should expect an attempt to grow and test the resistance level near the 125.25 area. Where can we expect a rebound again and the continuation of the fall of the Litecoin rate with a potential goal below the level of 90.05.

Litecoin Forecast and LTC/USD Analysis June 28, 2019

The test of the resistance line on the relative strength index (RSI) will be in favor of the fall in LTC/USD quotes. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the fall option will be a strong growth and the breakdown of the 140.05 area. This will indicate a breakdown of the lower boundary of the channel and the continued growth of the cryptocurrency rate with a potential target above the level of 155.55. With the breakdown of the area of ​​support and closing of quotations below the area of ​​105.05, we should expect confirmation of the development of the downward trend in Litecoin.

Litecoin Forecast and LTC/USD Analysis June 28, 2019

Litecoin Forecast and LTC/USD Analysis June 28, 2019 involves an attempt to test the resistance area near the level of 125.25. Where can we expect a rebound and the continuation of the fall of LTC/USD in the region below the level of 90.05. An additional signal in favor of Litecoin’s decline is a trend line test on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the 140.05 area. This will indicate a continuation of the rise of cryptocurrency with a target above the level of 155.55.


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