Litecoin LTC/USD traded at 53.76 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $3 440 471 726. Moving averages indicate the bullish trend in Litecoin. At the moment, we should expect an attempt to test the support level near the 50.85 area. Where can we again expect a rebound and the continuation of the growth of the Litecoin rate with a target above 64.25.
Litecoin Forecast and LTC/USD Analysis March 15, 2019
In favor of the growth of LTC/USD quotes, a test of the downward trend line on the relative strength indicator will come out. The second signal will be 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 48.00. 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 closure of quotations above the 58.45 area, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis March 15, 2019 involves an attempt to test the support area near the level of 50.85. Where can we expect a rebound and continued growth of LTC/USD in the area above 64.25. 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 the growth option will be the fall and the breakdown of the area 48.00. This will indicate a continued decline in cryptocurrency
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