Litecoin LTC/USD are trading at 31.78 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $1 944 819 155. At the moment, we should expect an attempt to test the resistance level near the area of 36.50. 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 24.50.
Litecoin forecast & technical analysis November 21, 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 descending channel. Cancellation of the fall option will be a strong growth and the breakdown of the 40.50 area. 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 area of support and closing of quotes below the level of 30.00, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin forecast & technical analysis November 21, 2018 involves an attempt to test the resistance area near the level of 36.50. Where can we expect a rebound and the continuation of the fall of LTC/USD in the region below the level of 24.50. 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 40.50 area. This will indicate the continued growth of cryptocurrency.
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