Litecoin LTC/USD ends the trading week at 104.43 and continues to move as part of the fall. Moving averages indicate a bullish trend. At the moment, we can expect an attempt to continue the decline and test the support area near the level of 115.05. Where can we expect a rebound again and an attempt to continue the decline of Litecoin with a potential target below the level of 50.00.
Litecoin Forecast and Analysis July 15 — 19, 2019
An additional signal in favor of falling LTC/USD quotes in the current trading week of July 15 — 19, 2019 will be the test of the downward resistance line on the relative strength indicator. The second signal will also be a rebound from the lower boundary of the rising channel. The abolition of the fall version of Litecoin will be a strong growth and a breakdown of the area of 145.05. This will indicate a breakdown of the upper boundary of the channel and a continuation of the rise of LTC/USD. Confirmation of the fall of the cryptocurrency will be a breakdown of the support area and the closure of quotes below the level of 80.05.
Litecoin Forecast and Analysis July 15 — 19, 2019 suggests an attempt to test the resistance area near the level of 115.05. Then, continued growth in the region above the level of 50.00. An additional signal in favor of Litecoin fall is a test of the trend line on the relative strength indicator. Cancellation option reduction will be a strong growth and the breakdown of the area 145.05. This will indicate a continuation of the rise of cryptocurrency with a goal above the level of 195.00.