Litecoin LTC/USD are traded at the level of 53.47 and continue to move within the bearish channel. Capitalization of the cryptocurrency at the time of publication of the forecast is $3 173 569 470. At the moment, we should expect a test of resistance level near the area of 56.50. Where again we should expect a rebound and the continued fall of the Litecoin exchange rate with a target below the level of 42.50.
Litecoin forecast & technical analysis September 21, 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 at 65.00, 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 21, 2018 suggests a test of the resistance area near the level of 56.50, from which it is expected to rebound and continue falling of LTC/USD in the region below the level of 42.50, 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 decline option will be a strong growth and breakdown of the area of 65.00, which will indicate the continued growth of the cryptocurrency.
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