Litecoin LTC/USD are traded at the level of 52.66 and continue to move within the framework of the bullish correction. The capitalization of the cryptocurrency at the time of publication of the forecast is $3 133 927 001. At the moment, you should expect a test of resistance level near the area of 50.00. Where again we should expect a rebound and the continued growth of the Litecoin exchange rate with a target below the level of 58.00.
Litecoin forecast & technical analysis September 14, 2018
In favor of LTC/USD quotes growth, the trend line test will be performed on the relative strength index (RSI). Cancellation of the variant of growth will be a decrease and breakdown of the area of 48.00, which will indicate the breakdown of the support area and the continued fall in the rate of the cryptocurrency. With the breakdown of the upper border of the channel and the closing of quotations above the level of 53.50, one should expect confirmation of the development of the upward trend in Litecoin.
Litecoin forecast & technical analysis September 14, 2018 assumes an attempt to test the support area near the level of 50.00, from which it is expected to rebound and continue growth of LTC/USD to the area above the level of 58.00, an additional signal in the growth of the Litecoin decline will test the trend line on the indicator of relative strength index (RSI), the cancellation of the variant of growth will be a decrease and breakdown of the region of 48.00, which will indicate the continuation of the fall of the cryptocurrency.
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