Litecoin LTC/USD traded at 54.26 and continue to move within the growth. Cryptocurrency capitalization at the time of the publication of the forecast is $3 408 472 074. Moving averages indicate the presence of an upward trend in Litecoin. At the moment, we should expect an attempt to test the support level near the 50.65 area. Where once again we should expect a rebound and continued growth of the Litecoin rate with a goal above the level of 62.45.
Litecoin Forecast and LTC/USD Analysis March 14, 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. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of growth option will be the fall and the breakdown of the area of 48.05. 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 58.25 area, we should expect confirmation of the development of the upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis March 14, 2019 involves an attempt to test the support area near the level of 50.65. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 62.45. An additional signal in favor of the rise of Litecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of growth option will be the fall and the breakdown of the area of 48.05. This will indicate a continued decline in cryptocurrency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
