Litecoin LTC/USD are trading at 28.58 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $1 833 152 717. 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 26.00. Where can we expect a rebound again and the continuation of the growth of the Litecoin rate with the goal above the level of 36.25.
Litecoin forecast & technical analysis January 2, 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. Cancellation of the growth option will be the fall and the breakdown of the 23.50 area. This will indicate a breakdown of the support area and the continuation of the cryptocurrency depreciation. With the breakdown of the upper boundary of the downward channel and the closure of quotations above the level of 31.50, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin forecast & technical analysis January 2, 2019 involves an attempt to test the support area near the level of 26.00. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 36.25. An additional signal in favor of growth of Litecoin is 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 of 23.50. This will indicate a continued decline in cryptocurrency.
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