Litecoin LTC/USD ends the trading week at 35.72 and continues to move as part of growth. Moving averages indicate a bearish trend. At the moment, we can expect an attempt to test the support area near the level of 30.50. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a target above the level of 47.00.
Litecoin Forecast and Analysis February 11 — 15, 2019
The 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 February 11 — 15, 2019. As well as a rebound from the lower boundary of the rising channel. Abolition of growth options Litecoin will fall in the breakdown of the area of 27.50. 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 39.50.
Litecoin Forecast and Analysis February 11 — 15, 2019 implies an attempt to test the support area near the level of 30.50. Then continued growth in the region above the level of 47.00. An additional signal in favor of growth of Litecoin is a test of the trend line on the relative strength index (RSI). Cancellation of the lifting option will be the fall and breakdown of the area of 27.50. This will indicate a continued decline in cryptocurrency.