Litecoin LTC/USD completes the trading week at level 60 and continues to move in a bearish trend. At this point, we should expect a test of the resistance area near the level of 75. Where again we should expect a rebound and an attempt to continue the decline of the Litecoin course with a target below the level of 40.
Litecoin weekly forecast & analysis August 13 — 17, 2018
In favor of falling quotes LTC/USD will perform a downtrend test on the indicator of relative strength index (RSI). The abolition of the Litecoin decline option will be a strong growth and breakdown of the 84 area, which will indicate the breakdown of the resistance area and the continued growth of LTC/USD. Confirmation of the fall of the cryptocurrency will be the breakdown of the support area and the closing of quotations below the level of 55.
Litecoin weekly forecast & analysis August 13 — 17, 2018 suggests an attempt to test the resistance area near level 75 and continue the decline to a region below level 40, an additional signal in favor of the Litecoin fall will be a resistance line test on the relative strength index (RSI).