Litecoin forecast & technical analysis October 11, 2018


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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

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.


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