Litecoin LTC/USD traded at 29.14 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $1 872 378 429. Moving averages indicate a bearish trend in Litecoin. At the moment, we can expect an attempt to test the support level near the area of 28.50. Where can we expect a rebound and continued growth of the Litecoin rate with the target above the level of 39.75.
Litecoin forecast & technical analysis January 1, 2019
In favor of growth in LTC/USD quotes, a test of an uptrend trend line on the relative strength index (RSI) will be made. As well as a rebound from the lower boundary of the bullish channel. Cancellation of growth options will fall and the breakdown of the area 25.00. 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 31.60, we should expect confirmation of the development of the upward trend in Litecoin.
Litecoin forecast & technical analysis January 1, 2019 involves an attempt to test the support area near the level of 28.50. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 39.75. 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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