Litecoin LTC/USD traded at 54.11 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $3 216 690 524. At the moment, we should expect an attempt to test the support level near the 53.50 area. Where can we expect a rebound again and the continuation of the growth of the Litecoin rate with the goal above the level of 57.50.
Litecoin forecast & technical analysis November 7, 2018
In favor of growth in LTC/USD quotes, a test of an uptrend trend line on the relative strength index (RSI) will be made. Cancellation of the growth option will be a fall and a breakdown of the 51.00 area, which will indicate a breakdown of the support area and the continuation of the fall of the cryptocurrency rate. With the breakdown of the resistance area and the closure of quotations above the level of 56.00, we should expect confirmation of the development of the upward trend in Litecoin.
Litecoin forecast & technical analysis November 7, 2018 implies an attempt to test the support area near the level of 52.50, where we should expect a rebound and continued growth of LTC/USD to the area above the level of 57.00, the test of the trend line on the relative strength index (RSI) will act as an additional signal in favor of Litecoin, the cancellation of the growth option will be a fall and a breakdown of the 51.00 area, which will indicate a continued decline in cryptocurrency.
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