Litecoin LTC/USD are trading at 57.49 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $3 686 097 668. Moving averages indicate the presence of a bullish trend in Litecoin. At the moment, we can expect an attempt to test the support level near 53.85. From where it is again necessary to expect a rebound and the continuation of the growth of the Litecoin rate with the goal above the level of 65.55.
Litecoin Forecast and LTC/USD Analysis March 20, 2019
In favor of growth in LTC/USD quotes, a test of an uptrend 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 the growth option will be the fall and the breakdown of the area 51.45. 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 62.55 area, we should expect confirmation of the development of the upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis March 20, 2019 involves an attempt to test the support area near the level of 53.85. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 65.55. 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 51.45. This will indicate a continued decline in cryptocurrency.
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