Litecoin LTC/USD ends the trading week at 45.20 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 40.00. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a target above the level of 60.50.
Litecoin Forecast and Analysis March 4 — 8, 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 4 — 8, 2019. As well as a rebound from the lower boundary of the rising channel. Abolition of growth options Litecoin will fall and the breakdown of the area of 35.00. 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 51.50.
Litecoin Forecast and Analysis March 4 — 8, 2019 implies an attempt to test the support area near the level of 40.00. Then continued growth in the region above the level of 60.50. An additional signal in favor of growth of Litecoin is a test of the trend line on the relative strength index (RSI). Cancellation option lift will make the fall and the breakdown of the area 35.00. This will indicate a continued decline in cryptocurrency.
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