Litecoin LTC/USD traded at 29.08 and continue to move in the framework of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $1 859 337 544. Moving averages indicate a bearish trend in Litecoin. At the moment, we should expect an attempt to test the support level near the 27.00 area. Where can we expect a rebound again and the continuation of the growth of the Litecoin rate with the target above the level of 37.50.
Litecoin forecast & technical analysis December 26, 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. As well as a rebound from the lower boundary of the rising channel. Cancellation of the growth option will be the fall and the breakdown of the area 25.50. 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 quotes above the level of 35.50, we should expect confirmation of the development of the upward trend in Litecoin.
Litecoin forecast & technical analysis December 26, 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 37.50. 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 25.50. This will indicate a continued decline in cryptocurrency.
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