LTC/USD continue to move in the ascending channel. At the time of the publication of the forecast, the cost of Litecoin to the US Dollar is 59.38. At the moment, we should expect an attempt to fall and a test of the support level near the area of 56.55. Then a rebound and continued growth of cryptocurrency in the region above the level of 70.00.
Litecoin technical analysis March 22, 2019
In favor of raising the LTC/USD quotes, a test of the rising trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the rising channel. The abolition of the growth rate of the Litecoin course on March 21, 2019 will be a fall and a breakdown of the level of 56.55. This will indicate a breakdown of the lower boundary of the ascending channel and the continuation of the fall in the quotes of the LTC/USD digital asset to the area below the level of 53.45. The growth will be confirmed by the breakdown of the resistance area and the close above the level of 62.50.
Litecoin technical analysis March 22, 2019 involves an attempt to test the support level near the 56.55 area. Where can we expect a rebound and continued growth of the Litecoin rate with a goal above the level of 70.00. An additional signal in favor of lifting will be the test of the support line on the relative strength index (RSI). Cancellation of the growth option will be the breakdown of the support area and closing quotes below the level of 56.55.