Litecoin LTC/USD are traded at the level of 55.19 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 $3 262 888 572. At this point, we should expect a test of the resistance level near the area of 56.50. Where again we should expect a rebound and the continued decline of the Litecoin exchange rate with a target below 46.00.
Litecoin forecast & technical analysis September 18, 2018
In favor of falling quotes LTC/USD will test the trend line on the indicator of relative strength index (RSI). The abolition of the reduction option will be a strong growth and breakdown of the 61.00 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 quotations below the level of 53.00, we should expect a confirmation of the development of the downward trend for Litecoin.
Litecoin forecast & technical analysis September 18, 2018 suggests an attempt to test the resistance area near the level of 56.50, from which it is expected to rebound and continue falling of LTC/USD in the area below 46.00, an additional signal in favor of the Litecoin fall will be a trend line test on the relative strength index (RSI), the abolition of the reduction option will be a strong growth and breakdown of the area of 61.00, which indicates the continued growth of the cryptocurrency.
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