LTC/USD are trading at 56.19 and continue to move as part of the growth and upward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $3 609 418 249. Moving averages indicate the presence of a short-term flat trend in Litecoin. At the moment, we should expect an attempt to fall and test the support level near the area of 53.45. Where again we should expect a rebound and continued growth of the Litecoin rate with a potential target above 64.35.
Litecoin Forecast and LTC/USD Analysis October 15, 2019
In favor of the growth of LTC/USD quotes, a test of the rising support line on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the growth option will be a fall and a breakdown of the 48.85 area. 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 43.55. With the breakdown of the resistance area and closing of quotes above 62.65, we should expect confirmation of the development of a bullish trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis October 15, 2019 implies an attempt to reduce and test the support area near the level of 53.45. Where can we expect a rebound and continued growth of LTC/USD to the area above the level of 64.35. 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 48.85 area. This will indicate a continued decline in cryptocurrency with a target below the level of 43.55.
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