Litecoin LTC/USD ends the trading week at 74.75 and continues to move as part of the correction and the bullish channel. Moving averages indicate the presence of a lateral trend, which will soon change in favor of a downtrend. At the moment, we should expect an attempt to correct and test the support area near the level of 70.00. Where again we should expect a rebound and an attempt to continue growth in Litecoin with a potential target above the level of 130.05.
Litecoin Forecast and Analysis September 23 — 27, 2019
An additional signal in favor of the growth of LTC/USD quotes in the current trading week September 23 — 27, 2019 will be a test of the broken trend line on the relative strength index (RSI). The second signal will be a rebound from the bottom of the rising channel. Cancellation of the growth option Litecoin will be a fall and a breakdown of the area of 60.00. This will indicate a breakdown of the lower boundary of the rising channel and a continued fall of LTC/USD. A confirmation of the growth of the cryptocurrency will be a breakdown of the resistance area and closing of quotations above the level of 90.00.
Litecoin Forecast and Analysis September 23 — 27, 2019 implies an attempt to test the support area near the level of 70.00. Then, continued growth to the area above the level of 130.05. An additional signal in favor of Litecoin growth will be a test of the broken trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the area of 60.00. This will indicate a continued decline in cryptocurrency with a target below the level of 40.00.
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