Litecoin LTC/USD traded at 26.84 and continue to move in growth. Cryptocurrency capitalization at the time of the publication of the forecast is $1 633 000 290. Moving averages indicate a downward trend in Litecoin. At the moment, we should expect an attempt to test the support level near the area of 25.00. From where it is again necessary to expect a rebound and the continuation of the growth of the Litecoin rate with the goal above the level of 34.50.
Litecoin forecast & technical analysis December 18, 2018
In favor of the growth of LTC/USD quotes, a test of a broken trend line on the relative strength (RSI) will be made. Cancellation of the growth option will be the fall and the breakdown of the area 22.50. This will indicate a breakdown of support and a continued decline in the cryptocurrency exchange rate. With the breakdown of the upper boundary of the downward channel and the closure of quotes above the level of 30.50, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin forecast & technical analysis December 18, 2018 involves an attempt to test the support area near the level of 25.00. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 34.50. An additional signal in favor of growth of Litecoin is a test of the trend line on the relative strength (RSI). Cancellation of the growth option will be the fall and the breakdown of the area 22.50. This will indicate a continued decline in cryptocurrency.
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