Litecoin LTC/USD ends the trading week at 76.75 and continues to move as part of a downward correction. Moving averages indicate an uptrend. At the moment, we should expect an attempt to test the support area near the level of 70.35. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a target above 115.55.
Litecoin Forecast and Analysis April 15 — 19, 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 15 — 19, 2019. As well as a rebound from the lower boundary of the rising channel. The abolition of growth options Litecoin will fall and the breakdown of the area of 60.00. 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 a breakdown of the upper boundary of the ascending channel and closing of quotations above the level of 105.05.
Litecoin Forecast and Analysis April 15 — 19, 2019 implies an attempt to test the support area near the level of 70.35. Then continued growth in the area above 115.55. An additional signal in favor of growth of Litecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the lifting option will be the fall and a breakdown of the area of 60.00. This will indicate a continued decline in cryptocurrency.