Litecoin LTC/USD are trading at 22.87 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $1 409 646 674. At the moment, we should expect an attempt to test the resistance level near the area of 24.50. From where it is again necessary to expect a rebound and the continuation of the decline of the Litecoin rate with a goal below the level of 18.65.
Litecoin forecast & technical analysis December 12, 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. And also test the lower boundary of the model «Triangle». Cancellation of the fall option will be strong growth and the breakdown of the area 28.50. This will indicate a breakdown of resistance and continued growth of the cryptocurrency rate. With the breakdown of the support area and the closing of quotes below the level of 21.00, we should expect confirmation of the development of the bearish trend in Litecoin.
Litecoin forecast & technical analysis December 12, 2018 involves an attempt to test the resistance area near the level of 24.50. Where can we expect a rebound and continue to reduce LTC/USD in the region below the level of 18.65. An additional signal in favor of Litecoin fall is a test of the trend line on the relative strength index (RSI). Cancellation option reduction will be a strong growth and the breakdown of the area 28.50. This will indicate the continued growth of cryptocurrency.
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