Litecoin LTC/USD are trading at 69.56 and continue to move as part of the correction and the bearish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $4 430 276 797. Moving averages indicate a downward trend in Litecoin. At the moment, we should expect an attempt to test the support level near the 74.05 area. From where it is again necessary to expect a rebound and the continuation of the growth of the course Litecoin with a goal above the level of 81.75.
Litecoin Forecast and LTC/USD Analysis May 1, 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 support level. Cancellation of the growth option will be the fall and the breakdown of the 61.55 area. This will indicate a breakdown of the support area and the continuation of the fall of the cryptocurrency rate. With the breakdown of the upper boundary of the downward channel and the closure of quotations above the 72.45 area, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis May 1, 2019 implies an attempt to test the support area near the 74.05 level. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 81.75. An additional signal in favor of growth 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 61.55 area. 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
