Litecoin LTC/USD are traded at the level of 51.72 and continue to move within the limits of the decline. Capitalization of the cryptocurrency at the time of publication of the forecast is $3 021 630 357. At this point, we should expect a test of the resistance level near the area of 53.50. 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 19, 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 area of 55.00, 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 the level of 49.00, we should expect a confirmation of the development of the bearish trend for Litecoin.
Litecoin forecast & technical analysis September 19, 2018 suggests a test of the resistance area near the level of 53.50, 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 test of the trend line on the indicator of relative strength index (RSI), the abolition of the decline option will be a strong growth and breakdown of the region 55.00, which will indicate the continued growth of the cryptocurrency.
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