Litecoin LTC/USD are trading at 37.97 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $2 285 822 028. At the moment, we should expect an attempt to test the resistance level near the 40.35 area. From where it is again necessary to expect a rebound and the continuation of the fall of the Litecoin course with the goal below the level of 32.40.
Litecoin forecast & technical analysis November 20, 2018
In favor of lowering LTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will be made. As well as a rebound from the upper boundary of the bearish channel. Cancellation of the fall option will be a strong growth and a breakdown of 43.50. This will indicate a breakdown of the upper boundary of the channel and the continued growth of the cryptocurrency rate. With the breakdown of the support area and closing of quotes below the level of 35.00, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin forecast & technical analysis November 20, 2018 involves an attempt to test the resistance area near the level of 40.35. Where can we expect a rebound and the continuation of the fall of LTC/USD to the area below the level of 32.40. 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 a breakdown of 43.50. This will indicate the continued growth of cryptocurrency.
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