Litecoin LTC/USD ends the trading week at 72.51 and continues to move as part of the decline. 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 75.00. 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 26 — 30, 2019
An additional signal in favor of a drop in LTC/USD quotes in the current trading week August 26 — 30, 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 26 — 30, 2019 suggests an attempt to test the resistance area near the level of 75.00. 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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