Litecoin LTC/USD traded at 51.99 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $3 418 548 461. 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 the 47.85 area. Where can we again expect a rebound and continued growth of the Litecoin rate with the goal above the level of 60.55.
Litecoin Forecast and LTC/USD Analysis March 7, 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 43.65. 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 closure of quotations above 55.05, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis March 7, 2019 involves an attempt to test the support area near the level of 47.85. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 60.55. 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 of 43.65. This will indicate a continued decline in cryptocurrency.
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