Litecoin LTC/USD traded at 29.06 and continue to move within the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $1 749 797 169. At the moment, we should expect an attempt to test the resistance level near the 31.00 area. Where once again we should expect a rebound and the continuation of the fall of the Litecoin course with the goal below the level of 20.00.
Litecoin forecast & technical analysis November 28, 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 limit of the model «Triangle». Cancellation of the fall option will be a strong growth and the breakdown of the area 32.70. This will indicate a breakdown of the upper boundary of the «Triangle» model and the continuation of the growth of the cryptocurrency rate. With the breakdown of the support area and closing of quotes below the level of 25.50, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin forecast & technical analysis November 28, 2018 involves an attempt to test the resistance area near the level of 31.00. Where can we expect a rebound and the continuation of the fall of LTC/USD in the region below the level of 20.00. 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 area 32.70. This will indicate the continued growth of cryptocurrency.
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