Litecoin LTC/USD ends the trading week at 92.95 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 80.05. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a potential target above the level of 175.00.
Litecoin Forecast and Analysis July 29 — August 2, 2019
An additional signal in favor of the growth of LTC/USD quotes in the current trading week of July 29 — August 2, 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 29 — August 2, 2019 implies an attempt to test the resistance area near the level of 80.05. Then, continued growth in the region above the level of 175.00. An additional signal in favor of Litecoin 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.
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