Litecoin LTC/USD ends the trading week at 55.74 and continues to move as part of growth. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to test the support area near the level of 47.15. Where can we again expect a rebound and an attempt to continue growth on Litecoin with the target above the level of 75.25.
Litecoin Forecast and Analysis March 18 — 22, 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 March 18 — 22, 2019. As well as a rebound from the lower boundary of the rising channel. The abolition of growth options Litecoin will fall and a breakdown 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 quotations above the level of 57.50.
Litecoin Forecast and Analysis March 18 — 22, 2019 implies an attempt to test the support area near the level of 47.15. Then continued growth in the region above 75.25. An additional signal in favor of growth Litecoin will be a test of the trend line on the indicator of relative strength index (RSI). 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.