Litecoin LTC/USD are trading at 57.18 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $3 390 059 165. At the moment, we should expect an attempt to test the resistance level near the 59.00 area. Where can we expect a rebound again and the continuation of the fall of the Litecoin course with the goal below the level of 50.00.
Litecoin forecast & technical analysis October 9, 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 a breakdown of the area of 63.00, 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 9, 2018 suggests an attempt to test the resistance area near the level of 59.00, from which one should expect a rebound and the continuation of the fall of LTC/USD to the area below the level of 50.00, the test of the trend line on the relative strength index (RSI) will be an additional signal in favor of Litecoin, the cancellation of the fall option will be a strong growth and a breakdown of the area of 63.00, which will indicate continued growth in cryptocurrency.
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