Litecoin LTC/USD are trading at 41.76 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $2 499 696 846. At the moment, we should expect an attempt to test the resistance level near the 43.00 area. Where once again we should expect a rebound and the continuation of the decline of the Litecoin rate with the goal below the level of 36.25.
Litecoin forecast & technical analysis November 16, 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 the breakdown of the 45.00 area. This will indicate the breakdown of the area of resistance and the continued growth of the cryptocurrency rate. With the breakdown of the lower border of the «Triangle» model and the closing of quotes below the level of 39.00, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin forecast & technical analysis November 16, 2018 involves an attempt to test the resistance area near the level of 43.00. Where can we expect a rebound and the continuation of the fall of LTC/USD in the area below the level of 36.25. 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 a strong growth and the breakdown of the 45.00 area. This will indicate the continued growth of cryptocurrency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
