Litecoin LTC/USD ends the trading week at 58.43 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 50.50. Where can we again expect a rebound and an attempt to continue growth on Litecoin with the target above the level of 80.00.
Litecoin Forecast and Analysis March 25 — 29, 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 from March 25 — 29, 2019. As well as a rebound from the lower boundary of the bullish channel. Abolition of growth options Litecoin will fall and the breakdown of the area 46.00. 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 65.25.
Litecoin Forecast and Analysis March 25 — 29, 2019 implies an attempt to test the support area near the level of 50.50. Then continued growth in the area above 80.00. An additional signal in favor of growth of Litecoin is a test of the trend line on the relative strength index (RSI). Cancellation of the lifting option will be the fall and the breakdown of the area 46.00. This will indicate a continued decline in cryptocurrency.
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