Litecoin LTC/USD traded at 28.70 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $1 863 960 302. Moving averages indicate an upward trend in Litecoin. At the moment, we should expect an attempt to test the support level near the 27.00 area. From where it is again necessary to expect a rebound and the continuation of the growth of the Litecoin rate with the target above the level of 37.00.
Litecoin forecast & technical analysis December 21, 2018
In favor of the growth of LTC/USD quotes, a test of a broken trend line on the relative strength index (RSI) will be made. Cancellation of growth options will fall and the breakdown of the area 25.00. This will indicate a breakdown of the lower boundary of the channel and the continuation of the decline in the cryptocurrency exchange rate. With the breakdown of the resistance area and the closing 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 21, 2018 involves an attempt to test the support area near the level of 27.00. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 37.00. An additional signal in favor of growth of Litecoin is a test of the trend line on the relative strength index (RSI). Cancellation of growth options will fall and the breakdown of the area 25.00. This will indicate a continued decline in cryptocurrency.
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