Litecoin LTC/USD are trading at 52.92 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $3 154 207 867. At the moment, we should expect an attempt to test the resistance level near the 53.65 area. Where once again we should expect a rebound and the continuation of the decline in the course of Litecoin with a goal below the level of 50.45.
Litecoin forecast & technical analysis November 9, 2018
In favor of lowering LTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will be made. Cancellation of the fall option will be strong growth and the breakdown of the 54.50 area. This will indicate the breakdown of the area of resistance and the continued growth of the cryptocurrency rate. With the breakdown of the support area and the closing of quotes below the level of 52.00, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin forecast & technical analysis November 9, 2018 involves an attempt to test the resistance area near the level of 53.65. Where can we expect a rebound and the continuation of the fall of LTC/USD in the region below the level of 50.45. An additional signal in favor of Litecoin 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 of 54.50, which will indicate continued growth in cryptocurrency.
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