Litecoin LTC/USD are traded at the level of 57.62 and continue to move within the correction. Capitalization of the cryptocurrency at the time of publication of the forecast is $3 411 702 424. At the moment, it is worth waiting for a test of the support level test near the area of 55.50. Where again we should expect a rebound and the continued growth of the Litecoin exchange rate with a target above the level of 65.50.
Litecoin forecast & technical analysis September 25, 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 the fall and breakdown of the 52.00 area, which will indicate the breakdown of the lower border of the channel and the continued fall in the rate of the crypto currency. With the breakdown of the resistance area and the closing of quotes above the level of 64.00, we should expect confirmation of the development of the upward trend for Litecoin.
Litecoin forecast & technical analysis September 25, 2018 suggests an attempt to test the support area near the level of 55.50, from which it is expected to rebound and continue growth of LTC/USD to the area above the level of 65.50, an additional signal in favor of Litecoin growth will be a trend line test on the relative strength index (RSI), the cancellation of the variant of growth will be the fall and breakdown of the area of 52.00, which will indicate the continuation of the decline in the cryptocurrency.
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