Litecoin LTC/USD traded at 23.05 and continue to move in a decline. Cryptocurrency capitalization at the time of the publication of the forecast is $1 409 947 055. Moving averages indicate a downward trend in Litecoin. At the moment, we should expect an attempt to test the resistance level near the 24.00 area. Where once again we should expect a rebound and the continuation of the decline in the course of Litecoin with a goal below the level of 18.50.
Litecoin forecast & technical analysis December 17, 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. As well as a rebound from the upper limit of the model «Triangle». Cancellation of the fall option will be a strong growth and the breakdown of the area 25.00. This will indicate a breakdown of resistance and continued growth of the cryptocurrency rate. With the breakdown of the area of support and closing of quotes below the level of 21.25, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin forecast & technical analysis December 17, 2018 implies an attempt to test the resistance area near the 24.00 level. 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 of 25.00. This will indicate the continued growth of cryptocurrency.
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