Litecoin LTC/USD traded at 49.20 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $2 942 122 562. At the moment, we should expect an attempt to test the resistance level near 50.50. Where can we expect a rebound again and the continuation of the fall of the Litecoin rate with a target below the level of 44.50.
Litecoin forecast & technical analysis November 2, 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 52.50 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 2, 2018 implies an attempt to test the resistance area near 50.50, expect a rebound and continue to drop LTC/USD to the area below 44.50, a test in trend indicator on the relative strength index (RSI) will act as an additional signal , the cancellation of the fall option will be a strong growth and a breakdown of the 52.50 area, which will indicate continued growth in 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
