Litecoin LTC/USD ends the trading week at 136.04 and continues to move in the framework of strong growth and the bullish channel. Moving averages indicate a bullish trend. The potential for continuing the climb is maintained. At the moment, we should expect an attempt to reduce and test the support area near the level of 115.55. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a potential target above the level of 205.00.
Litecoin Forecast and Analysis June 24 — 28, 2019
An additional signal in favor of the growth of LTC/USD quotes in the current trading week of June 24 — 28, 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 June 24 — 28, 2019 implies an attempt to test the support area near the level of 115.55. Then, continued growth in the region above the level of 205.00. 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 growth options will fall and the breakdown of the area of 95.05. This will indicate a continued decline in cryptocurrency with a target below 70.55.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link