Litecoin LTC/USD ends the trading week at 70.98 and continues to move as part of the correction. Moving averages indicate an uptrend. At the moment, we should expect an attempt to test the resistance area near the level of 82.55. Where can we expect a rebound again and an attempt to continue falling on Litecoin with a target below the level of 45.50.
Litecoin Forecast and Analysis April 29 — May 3, 2019
In favor of the fall in LTC/USD quotations in the current trading week of April 29 — May 3, 2019, a resistance line test on the relative strength index (RSI) will come out. The second signal will also be a rebound from the lower boundary of the rising channel. The abolition of the Litecoin decline option will be strong growth and a breakdown of the 95.00 area. This will indicate a breakdown of the resistance area and continued growth of LTC/USD. Confirmation of the fall of the cryptocurrency will be a breakdown of the support area and closing of quotes below the level of 62.55.
Litecoin Forecast and Analysis April 29 — May 3, 2019 involves an attempt to test the resistance area near the level of 82.55. Then the continuation of the fall in the area below the level of 45.50. An additional signal in favor of Litecoin’s decline is a trend line test on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the 95.00 area. This will indicate a continuation of the rise of cryptocurrency with a goal above the level of 125.00.
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