Litecoin LTC/USD are trading at 56.82 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $3 382 416 580. At the moment, we should expect an attempt to test the resistance level near the 58.50 area. From where it is again necessary to expect a rebound and the continuation of the fall of the Litecoin course with the goal below 49.00.
Litecoin forecast & technical analysis October 11, 2018
A test of the trend line on the relative strength index (RSI) will be in favor of LTC/USD quotes reduction. Cancellation of the fall option will be a strong growth and the breakdown of the area of 62.50, which will indicate the breakdown of the resistance area and the continued growth of the cryptocurrency rate. With the breakdown of the area of support and closing of quotes below the level of 55.00, we should expect confirmation of the development of the bearish trend in Litecoin.
Litecoin forecast & technical analysis October 11, 2018 suggests an attempt to test the resistance area near 58.50, expect a rebound and continue to drop LTC/USD to the area below 49.00, an additional signal in favor of Litecoin reduction is a test of the trend line on the relative strength index (RSI), cancellation of the fall option will be a strong growth and a breakdown of the 62.50 area, which will indicate continued growth of cryptocurrency.