Litecoin forecast & technical analysis October 12, 2018


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Litecoin LTC/USD are trading at 50.89 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $3 046 018 681. At the moment, we should expect an attempt to test the resistance level near the 54.50 area. Where can we again expect a rebound and the continuation of the fall of the Litecoin course with the goal below the level of 44.00.

Litecoin forecast & technical analysis October 12, 2018

The test of the broken 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 56.50 area, which will indicate the breakdown of the upper boundary of the channel and the continued growth of the cryptocurrency rate. With the breakdown of the area of ​​support and closing of quotations below the level of 47.00, we should expect confirmation of the development of the bearish trend in Litecoin.

Litecoin forecast & technical analysis October 12, 2018

Litecoin forecast & technical analysis October 12, 2018 implies an attempt to test the resistance area near the level of 54.50, where we should expect a rebound and the continuation of the fall of LTC/USD to the area below the level of 44.00, the test of the trend line on the relative strength index (RSI) will act as an additional signal , the cancellation of the fall option will be a strong growth and the breakdown of the 56.50 area, which will indicate a continuation of the growth of cryptocurrency.


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