Litecoin LTC/USD are traded at 62.34 and continue to move within the bearish channel. The capitalization of the cryptocurrency at the time of publication of the forecast is $3 591 736 233. At this point, we should expect 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 73.00.
Litecoin (LTC/USD) technical analysis August 30, 2018
In favor of the growth of LTC/USD quotes, a test of the broken trend line will appear on the indicator of relative strength index (RSI). The cancellation of the variant of growth will be the fall and breakdown of the 52.00 area, which will indicate the breakdown of the support area and the continued decline in the rate of the cryptocurrency. With the breakdown of the upper limit of the bearish channel and the closing of quotes above the level of 75.50, one should expect confirmation of the development of the bullish trend in Litecoin.
Litecoin (LTC/USD) technical analysis August 30, 2018 assumes an attempt to test the support area near the level of 55.50, from which it is expected to rebound and continue the growth of LTC/USD to the area above 73.00, an additional signal in favor of Litecoin rise will be a trend line test on the relative strength index (RSI), the cancellation of the growth option will be the fall and breakdown of the area of 52.00, which will indicate the continued decline in the cryptocurrency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
