Litecoin LTC/USD are trading at 54.79 and continue to move within the limits of the decline. Capitalization of the cryptocurrency at the time of publication of the forecast is $3 222 322 993. At this point, we should expect a test of the resistance level near the area of 57.70. Where again we should expect a rebound and the continued decline in the Litecoin exchange rate with a target below 47.00.
Litecoin forecast & technical analysis September 26, 2018
In favor of the decline in quotations LTC/USD will test the trend line on the indicator of relative strength index (RSI), as well as the formation of the bearish model «Wolfe Wave». The abolition of the fall option will be a strong growth and breakdown of the 61.00 area, which will indicate the breakdown of resistance and the continued growth of the rate of the crypto currency. With the breakdown of the support area and the closing of quotes below the level of 52.50, one should expect confirmation of the development of the bearish trend for Litecoin.
Litecoin forecast & technical analysis September 26, 2018 suggests an attempt to test the resistance area near the level of 57.70, from which it is expected to rebound and continue falling of LTC/USD to the area below 47.00, an additional signal in favor of Litecoin decline will be a trend line test on the relative strength indicator , the abolition of the fall option will be a strong growth and breakdown of the 61.00 area, which will indicate the continued growth of the cryptocurrency.
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