Litecoin LTC/USD are trading at 48.52 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $3 031 901 923. At the moment, we should expect an attempt to test the resistance level near the 50.35 area. From where it is again necessary to expect a rebound and the continuation of the fall of the Litecoin rate with the goal below the level 43.50.
Litecoin forecast & technical analysis October 30, 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 a strong growth and the breakdown of the 53.50 area, which will indicate the breakdown of the resistance area and the continued growth of the cryptocurrency rate. With the breakdown of the support area and closing of quotes below the level of 45.50, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin forecast & technical analysis October 30, 2018 implies an attempt to test the resistance area near 50.35, expect a rebound and continue to drop LTC/USD to 43.50, an additional signal in favor of Litecoin reduction is a test of the trend line on the relative strength index (RSI), the cancellation of the fall option will be a strong growth and a breakdown of the 53.50 area, which will indicate continued growth in cryptocurrency.
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