Litecoin LTC/USD traded at 55.34 and continue to move within the growth. Cryptocurrency capitalization at the time of the publication of the forecast is $3 281 583 544. At the moment, we can expect an attempt to test the support level near the 54.00 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 58.50.
Litecoin forecast & technical analysis November 8, 2018
In favor of growth in LTC/USD quotes, a test of an uptrend trend line on the relative strength indicator will be made. Cancellation of the growth option will be a fall and a breakdown of the 53.00 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 quotes above the level of 56.40, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin forecast & technical analysis November 8, 2018 implies an attempt to test the support area near the level of 54.00, from which one should expect a rebound and continued growth of LTC/USD to the area above the level of 58.50, the cancellation of the growth option will be a fall and a breakdown of the 53.00 area, which will indicate a continued decline in cryptocurrency.
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