Litecoin LTC/USD ends the trading week at 73.24 and continues to move as part of the fall. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 80.00. Where again we should expect a rebound and an attempt to continue the decline in Litecoin with a potential target below the level of 30.55.
Litecoin Forecast and Analysis August 19 — 23, 2019
An additional signal in favor of a drop in LTCUSD quotes in the current trading week on August 19 — 23, 2019 will be a test of a downward trend line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the Litecoin fall option will be a strong growth and a breakdown of the area of 110.00. This will indicate a breakdown of the resistance area and continued growth of LTC/USD. A confirmation of the fall of the cryptocurrency will be a breakdown of the support area and closing of quotes below 65.00.
Litecoin Forecast and Analysis August 19 — 23, 2019 involves an attempt to test the resistance area near the level of 80.00. Then, the continuation of the fall to the area below the level of 30.55. An additional signal in favor of the fall of Litecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the reduction option will be a strong growth and the breakdown of the area of 110.00. This will indicate a continued rise in the cryptocurrency with a target above the level of 145.00.
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