LTC/USD are trading at 60.26 and continue to move as part of the correction. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $3 896 334 603. Moving averages indicate the presence of a short-term bullish trend in Litecoin. At the moment, we should expect an attempt at a slight correction and a test of the support level near the area of 57.05. Where again we should expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 75.05.
Litecoin Forecast and LTC/USD Analysis November 14, 2019
In favor of the growth of LTC/USD quotes, a test of the upward trend line on the relative strength index (RSI) will come out. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the growth option will be a fall and a breakdown of the area of 48.05. This will indicate a breakdown of the support area and the acceleration of the fall of the cryptocurrency rate with a potential target below the level of 40.05. With the breakdown of the resistance area and the closing of quotations above 68.05, we should expect confirmation of the development of a bullish trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis November 14, 2019 implies an attempt to correct and test the support area near the level of 57.05. Where can we expect a rebound and continued growth of LTC/USD to the area above the level of 75.05. An additional signal in favor of raising Litecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the area of 48.05. This will indicate a continued decline in cryptocurrency with a target below the level of 40.05.
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