Litecoin forecast & technical analysis December 17, 2018


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

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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