Litecoin LTC/USD ttraded at 64.26 and continue to move within the bullish channel. Capitalization of the cryptocurrency at the time of publication of the forecast is $3 765 594 476. At the moment, we should expect a test of the support level near the area of 63.00. Where again we should expect a rebound and the continued growth of the Litecoin exchange rate with a target above the level of 71.25.
Litecoin (LTC/USD) technical analysis September 4, 2018
In favor of the growth of LTC/USD quotations, an uptrend test on the relative strength index (RSI) will perform. The abolition of the variant of growth will be the fall and breakdown of the area of 59.00, which will indicate the breakdown of the support area and the continued depreciation of the cryptocurrency. With the breakdown of the resistance area and the closing of quotes above the level of 67.50, one should expect confirmation of the development of the upward trend in Litecoin.
Litecoin (LTC/USD) technical analysis September 4, 2018 suggests a test of the support area near the 63.00 level, from which it is expected to rebound and continue the growth of LTC/USD to the area above 71.25, an additional signal in favor of Litecoin rise will be a trend line test on the relative strength index (RSI), the abolition of the growth option will be the fall and breakdown of the area of 59.00, which will indicate the continued decline in the cryptocurrency.
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