Litecoin LTC/USD traded at 41.99 and continue to move in the ascending channel. At the moment, we should expect an attempt to drop and test the support level near the 10.00 area. Where can we again expect a rebound and continued growth of the Litecoin rate with the goal above the level of 400.00.
Litecoin forecast and analysis LTC/USD for 2019
In support of the growth of LTC/USD quotes, a test of the support area on the relative strength index (RSI) will come out. As well as a rebound from the lower boundary of the rising channel. Cancellation of the growth rate of the Litecoin course in 2019 will be the fall and the breakdown of the 7.50 area. This will indicate a breakdown of support and the continuation of the fall of the cryptocurrency rate. With the breakdown of the resistance area and the closure of quotations above 75.00, we should expect confirmation of the development of the upward trend in Litecoin.
Litecoin forecast and analysis LTC/USD for 2019 implies an attempt to test the support area near the 10.00 level. Where can we expect a rebound and continued growth of LTC/USD in the region above the level of 400.00. An additional signal in favor of growth of Litecoin is a test of the trend line on the relative strength index (RSI). Cancellation option lift will fall and the breakdown of the 7.50 area. This will indicate a continued decline in cryptocurrency.