Litecoin LTC/USD ends the trading week at 117.26 and continues to move in the framework of the downward correction and the upward channel. Moving averages indicate a bullish trend. The potential for continuing to rise is maintained. At the moment, we should expect an attempt to reduce and test the support area near the level of 115.05. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a potential target above the level of 185.00.
Litecoin Forecast and Analysis July 1 — 5, 2019
An additional signal in favor of the growth of LTC/USD quotes in the current trading week of July 1 — 5, 2019 will be the test of the upward support line on the relative strength index (RSI). The second signal will also be a rebound from the lower boundary of the rising channel. Abolition of growth options Litecoin will fall and the breakdown of the area of 95.05. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall in LTC/USD. Confirmation of the growth of cryptocurrency will be the breakdown of the resistance area and the closure of quotes above the level of 150.55.
Litecoin Forecast and Analysis July 1 — 5, 2019 implies an attempt to test the support area near the level of 115.05. Then, continued growth in the region above the level of 185.00. An additional signal in favor of the rise of Litecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area of 95.05. This will indicate a continued decline in cryptocurrency with a target below 70.55.