Litecoin LTC/USD traded at 71.95 and continue to move within the correction and the downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $4 547 983 980. 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 65.00 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 85.00.
Litecoin Forecast and LTC/USD Analysis May 3, 2019
The test of the broken trend line on the relative strength index (RSI) will be in favor of LTC/USD quotes growth. 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 58.15 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 74.45, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis May 3, 2019 involves an attempt to test the support area near the level of 65.00. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 85.00. 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 58.15 area. This will indicate a continued decline in cryptocurrency.
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