Litecoin LTC/USD ends the trading week at 54.62 and continues to move as part of growth. Moving averages indicate a bearish trend. At the moment, we can expect an attempt to test the support area near the level of 46.50. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a target above the level of 72.50.
Litecoin Forecast and Analysis March 11 — 15, 2019
A test of the support line on the relative strength index (RSI) will be in favor of raising LTC/USD quotes on the current trading week of March 11 — 15, 2019. As well as 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 40.00. 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 quotes above the level of 59.50.
Litecoin Forecast and Analysis March 11 — 15, 2019 involves an attempt to test the support area near the level of 46.50. Then continued growth in the region above the level of 72.50. An additional signal in favor of growth Litecoin will be a test of the trend line on the indicator of relative strength. Cancellation of the lifting option will be the fall and breakdown of the area of 40.00. This will indicate a continued decline in cryptocurrency.
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