Litecoin LTC/USD ends the trading week at 59.29 and continues to move as part of growth. Moving averages indicate a bearish trend. At the moment, we can expect an attempt to test the support area near the level of 49.50. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a target above 77.00.
Litecoin Forecast and Analysis April 1 — 5, 2019
A test of the support line on the relative strength index (RSI) will be in favor of raising LTC/USD quotes on the current trading week of April 1 — 5, 2019. As well as a rebound from the lower boundary of the rising channel. Abolition of growth options Litecoin will fall and the breakdown of the area 46.00. This will indicate a breakdown of the lower boundary of the channel and a continued decline in LTC/USD. Confirmation of the growth of cryptocurrency will be the breakdown of the resistance area and the closing of quotes above the level of 65.05.
Litecoin Forecast and Analysis April 1 — 5, 2019 implies an attempt to test the support area near the level of 49.50. Then continued growth in the region above the level of 77.00. An additional signal in favor of growth of Litecoin is a test of the trend line on the relative strength index (RSI). Cancellation of the lifting option will be the fall and the breakdown of the area 46.00. This will indicate a continued decline in cryptocurrency.