Litecoin forecast & technical analysis November 1, 2018


Recommended Broker

Litecoin LTC/USD are trading at 48.41 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $2 887 207 234. At the moment, we should expect an attempt to test the resistance level near the 49.00 area. Where can we expect a rebound again and the continuation of the fall of the Litecoin rate with a target below the level of 45.50.

Litecoin forecast & technical analysis November 1, 2018

In favor of lowering LTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will be made. Cancellation of the fall option will be a strong growth and a breakdown of the 50.00 area, which will indicate the breakdown of the resistance area and the continued growth of the cryptocurrency rate. With the breakdown of the area of ​​support and closing of quotes below the level of 47.50, we should expect confirmation of the development of the downward trend in Litecoin.

Litecoin forecast & technical analysis November 1, 2018

Litecoin forecast & technical analysis November 1, 2018 implies an attempt to test the resistance area near the 49.00 level, from which we should expect a rebound and the continuation of the fall of LTC/USD to the area below the 45.50 level, the cancellation of the fall option will be a strong growth and a breakdown of the 50.00 area, which will indicate continued growth in cryptocurrency.


Join our Telegram Channel

Post Comment