Litecoin LTC/USD are traded at the level of 55.06 and continue to move within the framework of the bullish correction. Capitalization of the cryptocurrency at the time of publication of the forecast is $ 3 218 292 652. At this time, 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 in the Litecoin exchange rate with a target below the level of 49.50.
Litecoin (LTC/USD) technical analysis August 24, 2018
In favor of the decline in quotations LTC/USD will test the resistance line on the indicator of relative strength index (RSI). The abolition of the fall option will be a strong growth and breakdown of the area of 58.50, which will indicate a breakdown of resistance 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 53.50, one should expect confirmation of the development of the bearish trend for Litecoin.
Litecoin (LTC/USD) technical analysis August 24, 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 49.50, an additional signal in favor of Litecoin decline will be a trend line test on the relative strength index (RSI), the abolition of the fall option will be a strong growth and breakdown of the region of 58.50, indicating that the growth will continue.
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