Litecoin LTC/USD ends the trading week at 59.70 and continues to move as part of an upward correction and a downward channel. Moving averages indicate a bearish trend, which remains quite strong. Prices will make a start from signal lines. At the moment, we should expect an attempt to fall and test the support area near the level of 42.45. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above the level of 96.65.
Litecoin Forecast and Analysis November 11 — 15, 2019
An additional signal in favor of the growth of LTC/USD quotes in the current trading week from November 11 — 15, 2019 will be a test of the ascending trend line on the relative strength index (RSI). Cancellation of the Litecoin growth option will be a fall and a breakdown of the 38.05 area. This will indicate a breakdown of the support area and a continued drop in the LTC/USD rate. Confirmation of the growth of cryptocurrency will be a breakdown of the upper border of the downward channel and closing quotes above the level of 75.65.
Litecoin Forecast and Analysis November 11 — 15, 2019 suggests an attempt to test the resistance area near the level of 42.45. Then, the continuation of the fall to the area below the level of 96.65. An additional signal in favor of Litecoin growth will be an uptrend test on the relative strength index (RSI). Cancellation of the ascent option will be a fall and a breakdown of the 38.05 area. This will indicate a continued fall in cryptocurrency with a target below the level of 25.05.