Litecoin LTC/USD traded at 24.77 and continue to move in the downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $ 1 509 644 709. At the moment, we should expect an attempt to test the resistance level near the area of 27.50. Where once again we should expect a rebound and the continuation of the decline of the course Litecoin with a goal below the level of 21.75.
Litecoin forecast & technical analysis December 10, 2018
In favor of the growth of LTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. Cancellation of the fall option will be a strong growth and the breakdown of the area 29.00. This will indicate a breakdown of the upper boundary of the downward channel and the continuation of the growth of the cryptocurrency rate. With the breakdown of the support area and closing of quotes below the level of 22.50, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin forecast & technical analysis December 10, 2018 involves an attempt to test the resistance area near the level of 27.50. Where can we expect a rebound and continue to reduce LTC/USD to the area below the level of 21.75. An additional signal in favor of Litecoin’s fall is a test of the trend line on the relative strength index (RSI). Cancellation of the reduction option will be a strong growth and the breakdown of the area 29.00. This will indicate the continued growth of cryptocurrency.
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