Litecoin LTC/USD ends the trading week at 97.22 and continues to move as part of the correction. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to continue the decline and test the support area near the level of 80.00. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a potential target above the level of 170.00.
Litecoin Forecast and Analysis July 22 — 26, 2019
An additional signal in favor of the growth of LTC/USD quotes in the current trading week of July 22 — 26, 2019 will be the test of the upward support 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 growth options Litecoin will fall and the breakdown of the area of 60.05. 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 closure of quotations above 110.00.
Litecoin Forecast and Analysis July 22 — 26, 2019 implies an attempt to test the resistance area near the 80.00 level. Then, continued growth in the region above 170.00. An additional signal in favor of Litecoin’s fall is a test of the trend line on the relative strength indicator. Cancellation of the reduction option will be a strong growth and the breakdown of the 60.05 area. This will indicate a continuation of the rise of cryptocurrency with a goal above the level of 45.05.