Litecoin LTC/USD ends the trading week at 86.61 and continues to move as part of growth. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to test the support area near the level of 71.45. Where can we expect a rebound again and an attempt to continue growth on Litecoin with the goal above the level of 120.55.
Litecoin Forecast and Analysis April 8 — 12, 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 8 — 12, 2019. As well as a rebound from the lower boundary of the bullish 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 the breakdown of the resistance area and the closing of quotes above the level of 105.05.
Litecoin Forecast and Analysis April 8 — 12, 2019 implies an attempt to test the support area near the level of 71.45. Then continued growth in the region above 120.55. 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.
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