Litecoin LTC/USD are trading at 51.62 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $3 077 070 552. At the moment, we should expect an attempt to test the resistance level near the 53.05 area. From where it is again necessary to expect a rebound and the continuation of the decline of the Litecoin rate with the goal below the level 47.60.
Litecoin forecast & technical analysis November 12, 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 strong growth and the breakdown of the 54.50 area. This will indicate the breakdown of the area of resistance and the continued growth of the cryptocurrency rate. With the breakdown of the support area and closing of quotes below the level of 50.50, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin forecast & technical analysis November 12, 2018 involves an attempt to test the resistance area near the level of 53.05. Where can we expect a rebound and the continuation of the fall of LTC/USD in the region below the level of 47.60. An additional signal in favor of Litecoin’s decline is a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be strong growth and the breakdown of the 54.50 area. This will indicate the continued growth of cryptocurrency.
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