Litecoin LTC/USD are trading at 23.80 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $1 436 658 039. Moving averages indicate a bearish trend in Litecoin. At the moment, we should expect an attempt to test the resistance level near the area of 24.50. Where once again we should expect a rebound and the continuation of the decline in the course of Litecoin with a target below the level of 18.50.
Litecoin forecast & technical analysis December 14, 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 26.00. This will indicate a breakdown of resistance and continued growth of the cryptocurrency rate. With the breakdown of the support area and closing of quotes below 21.50, we should expect confirmation of the development of the bearish trend in Litecoin.
Litecoin forecast & technical analysis December 14, 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 area below the level of 18.50. 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 26.00. This will indicate the continued growth of cryptocurrency.
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