Litecoin LTC/USD are trading at 113.49 and continue to move through strong growth and an bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $7 048 390 532. Moving averages indicate a bullish trend in Litecoin. At the moment, we can expect an attempt to reduce and test the support level near the area of 107.65. Where can we again expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 125.65.
Litecoin Forecast and LTC/USD Analysis May 28, 2019
In favor of growth in LTC/USD quotes, a test of an uptrend trend line on the relative strength indicator (RSI) will come out. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of growth option will make the fall and the breakdown of the 97.65 area. This will indicate a breakdown of the support level and the continuation of the fall of the cryptocurrency rate with a potential target below the level of 80.50. With the breakdown of the resistance area and the closure of quotations above the 120.05 area, we should expect confirmation of the development of the upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis May 28, 2019 involves an attempt to test the support area near the level of 107.65. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 125.65. 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 97.65 area. This will indicate a continued decline in cryptocurrency with a target below the level of 80.50.
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