Litecoin LTC/USD completes the trading week at 78 and continues to move in a bearish trend. At this point, we should expect an attempt to test the lower limit of the model «Triangle» near the level of 100. Where again we should expect a rebound and an attempt to continue the depreciation of Litecoin with a target below the level of 45.
Litecoin weekly forecast & analysis July 16 — 20, 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 115 area, which will indicate the breakdown of the bearish trend line 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 level 65.
Litecoin weekly forecast & analysis July 16 — 20, 2018 suggests an attempt to test the resistance area near level 105 and continue the decline to a region below level 45, an additional signal in favor of the Litecoin fall will be a resistance line test on the relative strength index (RSI), the abolition of the drop will be a breakdown of the 115 area.
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