Litecoin LTC/USD ends the trading week at 26.93 and continues to move as part of the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to test the support area near the level of 23.50. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a target above the level of 38.50.
Litecoin forecast December 31 — January 4, 2019
In favor of the growth of LTC/USD quotes in the current trading week December 31 — January 4, 2019, a support line test on the relative strength index (RSI) will be made. The abolition of growth options Litecoin will fall and the breakdown of the area 20.00. This will indicate a breakdown of the support level and a continued decline in LTC/USD. Confirmation of the growth of cryptocurrency will be a breakdown of the upper boundary of the downward channel and closing of quotations above the level of 45.00.
Litecoin forecast December 31 — January 4, 2019 involves an attempt to test the support area near the level of 23.50. Then continued growth in the region above the level of 38.50. An additional signal in favor of the growth of Litecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of growth option will make the fall and the breakdown of the area 20.00. This will indicate a continued decline in cryptocurrency.
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