Litecoin LTC/USD are trading at 48.62 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $2 912 475 113. At the moment, we should expect an attempt to test the resistance level near the 49.00 area. Where can we again expect a rebound and the continuation of the fall of the Litecoin rate with a target below the level of 46.50.
Litecoin forecast & technical analysis October 31, 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 a breakdown of the 51.50 area, 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 47.50, we should expect confirmation of the development of the downward trend in Litecoin.
Litecoin forecast & technical analysis October 31, 2018 implies an attempt to test the resistance area near the 49.00 level, expect a rebound and continue to drop LTC/USD to the area below 46.50; the cancellation of the fall option will be a strong growth and the breakdown of the area of 51.50, which will indicate continued growth in cryptocurrency.