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 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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