Litecoin LTC/USD ends the trading week at 47.47 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 41.15 level. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a target above 65.50.
Litecoin Forecast and Analysis February 25 — March 1, 2019
In favor of the rise of LTC/USD quotes in the current trading week of February 25 — March 1, 2019, a support line test on the relative strength index (RSI) will be made. As well as a rebound from the lower boundary of the rising channel. The abolition of the growth option Litecoin will be the fall and the breakdown of the 35.50 area. 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 53.50.
Litecoin Forecast and Analysis February 25 — March 1, 2019 involves an attempt to test the support area near the level of 41.15. Then continued growth in the area above the level of 65.50. An additional signal in favor of growth Litecoin will be a test of the trend line on the indicator of relative strength index (RSI). Cancellation of the lifting option will be the fall and the breakdown of the area of 35.50. This will indicate a continued decline in cryptocurrency.