Litecoin LTC/USD are trading at 43.99 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $2 809 778 005. Moving averages indicate a bearish trend in Litecoin. At the moment, we should expect an attempt to test the resistance level near the area of 44.35. Where once again we should expect a rebound and the continuation of the fall of the Litecoin course with a goal below the level of 34.15.
Litecoin Forecast and LTC/USD Analysis March 1, 2019
In favor of the fall in LTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. As well as a rebound from the lower boundary of the bullish channel. Cancellation of the fall option will be a strong growth and the breakdown of the 47.85 area. This will indicate a breakdown of resistance and continued growth of the cryptocurrency rate. With the breakdown of the support level and closing of quotations below the 39.15 area, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis March 1, 2019 involves an attempt to test the resistance area near the level of 44.35. Where can we expect a rebound and the continuation of the fall of LTC/USD to the area below the level of 34.15. An additional signal in favor of reducing Litecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the 47.85 area. This will indicate a continuation of the rise of cryptocurrency.
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