Litecoin LTC/USD quotes are trading at 34.43 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $2 171 215 288. Sliding averages indicate a downward trend in Litecoin. At the moment, we should expect an attempt to test the support level near the area of 31.00. Where can we expect a rebound and continued growth of the Litecoin rate with the target above the level of 44.50.
Litecoin forecast & technical analysis December 25, 2018
In favor of the growth of LTC/USD quotes, a test of an uptrend trend line on the relative strength index (RSI) will come out. Cancellation of the growth option will be the fall and the breakdown of the area 27.00. This will indicate a breakdown of the support area and the continuation of the cryptocurrency depreciation. With the breakdown of the resistance area and the closure of quotations above the level of 37.50, we should expect confirmation of the development of the upward trend in Litecoin.
Litecoin forecast & technical analysis December 25, 2018 involves an attempt to test the support area near the level of 31.00. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 44.50. An additional signal in favor of the growth of Litecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area 27.00. This will indicate a continued decline in cryptocurrency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
