Litecoin LTC/USD traded at 53.53 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $3 399 403 588. Moving averages indicate the presence of an upward trend in Litecoin. At the moment, we can expect an attempt to test the support level near the 52.20 area. Where can we again expect a rebound and the continuation of the growth of the Litecoin rate with the target above the level of 61.35.
Litecoin Forecast and LTC/USD Analysis March 12, 2019
In favor of the growth of 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 rising channel. Cancellation of the growth option will be the fall and the breakdown of the area of 48.65. This will indicate a breakdown of support and the continuation of the fall of the cryptocurrency rate. With the breakdown of the resistance level and the closing of quotations above the 59.05 area, we should expect confirmation of the development of the upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis March 12, 2019 involves an attempt to test the support area near the level of 52.20. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 61.35. An additional signal in favor of the rise of Litecoin is the 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 of 48.65. This will indicate a continued decline in cryptocurrency.
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