Litecoin LTC/USD ends the trading week at 31.28 and continues to move as part of the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to test the resistance area near the level of 34.50. From where it is again necessary to expect a rebound and an attempt to continue the decline on Litecoin with the goal below the level of 20.00.
Litecoin Forecast and Analysis LTC/USD January 14 — 18, 2019
In favor of lowering LTC/USD quotes in the current trading week of January 14 — 18, 2019, a resistance line test on the relative strength index (RSI) will be made. Cancellation of the fall option Litecoin will be a strong growth and the breakdown of the area of 41.00. This will indicate a breakdown of the upper boundary of the «Triangle» model and continued growth of LTC/USD. Confirmation of the fall of the cryptocurrency will be a breakdown of the support area and closing of quotes below the level of 27.50.
Litecoin Forecast and Analysis LTC/USD January 14 — 18, 2019 implies an attempt to test the resistance area near the level of 34.50. Then the continuation of the fall in the area below the level of 20.00. An additional signal in favor of Litecoin’s decline is the test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the 41.00 area. This will indicate the continued growth of cryptocurrency.
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