Litecoin LTC/USD traded at 37.21 and continue to move in growth. Cryptocurrency capitalization at the time of the publication of the forecast is $2 356 629 715. Moving averages indicate the presence of an upward trend in Litecoin. At the moment, we should expect an attempt to test the support level near 33.50. Where can we expect a rebound and continued growth of the Litecoin rate with the target above the level of 42.50.
Litecoin forecast & technical analysis January 8, 2019
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 growth options will fall and the breakdown of the area 30.00. 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 upper boundary of the channel and the closure of quotations above the level of 43.50, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin forecast & technical analysis January 8, 2019 involves an attempt to test the support area near the level of 33.50. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 42.50. 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 growth options will fall and the breakdown of the area 30.00. This will indicate a continued decline in cryptocurrency.
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