LTC/USD are trading at 70.72 and continue to move as part of the correction and the upward channel. The capitalization of Litecoin cryptocurrency at the time of the publication of the forecast is $4 500 400 728. Moving averages indicate the presence of a short-term bullish trend in Litecoin. At the moment, we should expect an attempt to reduce and test the support level near the area of 68.35. Where again we should expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 77.55.
Litecoin Forecast and LTC/USD Analysis September 17, 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 the fall and the breakdown of the area of 63.05. This will indicate a breakdown of the support area and the acceleration of the fall of the cryptocurrency rate with a potential target below 63.55. With the breakdown of the resistance area and closing of quotes above the level of 72.75, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin Forecast and LTC/USD Analysis September 17, 2019 implies an attempt to test the support area near the level of 68.35. Where can we expect a rebound and continued growth of LTC/USD to the area above the level of 77.55. 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 63.55. This will indicate a continued decline in cryptocurrency with a target below the level of 55.95.
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