Litecoin LTC/USD ends the trading week at 40.76 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 37.50. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a target above the level of 60.55.
Litecoin Forecast and Analysis February 18 — 22, 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 February 18 — 22, 2019. As well as a rebound from the lower boundary of the rising channel. The abolition of the growth option Litecoin will fall and the breakdown of the area of 31.50. 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 45.50.
Litecoin Forecast and Analysis February 18 — 22, 2019 implies an attempt to test the support area near the level of 37.50. Then continued growth in the region above the level of 60.55. An additional signal in favor of growth of Litecoin is a test of the trend line on the relative strength index (RSI). Cancellation option lift will make the fall and the breakdown of the area 31.50. This will indicate a continued decline in cryptocurrency.
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