Litecoin LTC/USD are traded at the level of 47.60 and continue to move within a downward trend. Capitalization of the cryptocurrency at the time of publication of the forecast is $2 800 771 883. At this point, we should expect a test of resistance level near the area of 49.00. Where again we should expect a rebound and the continued decline of the Litecoin exchange rate with a target below 44.00.
Litecoin forecast & technical analysis September 13, 2018
In favor of falling quotations LTC/USD will test the trend line on the indicator of relative strength index (RSI), as well as test the upper boundary of the bearish channel. The abolition of the reduction option will be a strong growth and breakdown of the 51.00 area, which will indicate the breakdown of the upper border of the channel and the continued growth of the rate of the cryptocurrency. With the breakdown of the support area and the closing of quotes below 46.00 level, it is necessary to expect confirmation of the development of the bearish trend in Litecoin.
Litecoin forecast & technical analysis September 13, 2018 suggests an attempt to test the resistance area near the level of 49.00, from which it is expected to rebound and continue falling of LTC/USD in the area below 44.00, an additional signal in favor of Litecoin decline will be a trend line test on the indicator of relative strength index (RSI), the cancellation of the variant of the fall will be a strong growth and breakdown of the region 51.00, which will indicate the continuation of the rise of the cryptocurrency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
