Litecoin LTC/USD traded at 59.27 and continue to move in the framework of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $3 753 493 729. 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 57.05 area. From where it is again necessary to expect a rebound and the continuation of the growth of the course Litecoin with a target above the level of 65.00.
Litecoin Forecast and LTC/USD Analysis March 28, 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 model «Triangle». Cancellation of the growth option will be the fall and the breakdown of the 55.05 area. This will indicate a breakdown of support and the continuation of the fall of the cryptocurrency rate. With the breakdown of the upper boundary of the «Triangle» model and the closing of quotations above 61.45, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis March 28, 2019 involves an attempt to test the support area near the level of 57.05. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 65.00. 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 55.05 area. This will indicate a continued decline in cryptocurrency.
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