Litecoin LTC/USD ends the trading week at the level of 131.50 and continues to move within the growth and upward channel. Moving averages indicate a bullish trend. The potential for continued growth is maintained. At the moment, we should expect an attempt to test the support area near the level of 105.55. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a potential target above the level of 160.55.
Litecoin Forecast and Analysis June 17 — 21, 2019
An additional signal in favor of the growth of LTC/USD quotes in the current trading week June 17 — 21, 2019 will be the support line test on the relative strength index (RSI). The second signal will also be a rebound from the lower boundary of the bullish channel. The abolition of the litecoin decline option will be strong growth and a breakdown of the 90.05 area. 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 a breakdown of the upper boundary of the downward channel and closing of quotations above the level of 145.55.
Litecoin Forecast and Analysis June 17 — 21, 2019 implies an attempt to test the support area near the level of 105.75. Then continued growth in the region above the level of 160.55. 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 90.05 area. This will indicate a continued decline in cryptocurrency with a target below 65.65.