Litecoin LTC/USD are traded at the level of 61.24 and continue to move within the framework of the «Triangle» model formation. Capitalization of the cryptocurrency at the time of publication of the forecast is $ 3 559 793 221. At the moment, it is worth waiting for a test of the support level test near the area of 57.50. Where again we should expect a rebound and the continued growth of the Litecoin exchange rate with a target above 68.00.
Litecoin (LTC/USD) technical analysis August 29, 2018
In favor of LTC/USD quotes growth, a support 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 area 55.00, which will indicate the breakdown of the lower boundary of the «Triangle» model and the continued decline in the rate of the cryptocurrency. With the breakdown of the upper limit of the «Triangle» model and the closing of quotes above the level of 62.50, one should expect confirmation of the development of the bullish trend in Litecoin.
Litecoin (LTC/USD) technical analysis August 29, 2018 assumes a test of the support area near the level of 57.50, from which it is expected to rebound and continue growth of LTC/USD to the area above 68.00, an additional signal in favor of Litecoin rise 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 55.00, which will indicate the continued decline in the cryptocurrency.
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