Litecoin LTC/USD are trading at 113.58 and continue to move in a strong growth and bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $7 116 269 553. Moving averages indicate a bullish trend on Litecoin. At the moment, we should expect an attempt to reduce and test the support level near the area of 105.85. Where can we expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 130.65.
Litecoin Forecast and LTC/USD Analysis May 29, 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. The abolition of the growth option will be the fall and the breakdown of the 95.55 area. This will indicate a breakdown of the support level and the continuation of the fall in the rate of cryptocurrency with a potential target below the level of 85.50. With the breakdown of the resistance area and the closure of quotations above the 120.75 area, we should expect confirmation of the development of the upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis May 29, 2019 involves an attempt to test the support area near the level of 105.85. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 130.65. 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 95.55 area. This will indicate a continued decline in cryptocurrency with a target below 85.50.
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