Litecoin LTC/USD ends the trading week at 51.17 and continues to move within the «Triangle» model. At the moment, we should expect an attempt to test the resistance area near the level of 60.00. From where it is again necessary to expect a rebound and an attempt to continue the fall of growth on Litecoin with the target below the level of 30.00.
Litecoin weekly forecast & analysis October 22 — 26, 2018
In favor of the growth of LTC/USD quotes in the current trading week of October 22 — 26, 2018, a test of the broken trend line on the relative strength index (RSI) will come out. The abolition of the fall variant of Litecoin will be a strong growth and a breakdown of the area of 65.00, which will indicate a breakdown of the upper limit of the Triangle model and continued growth of LTC/USD. A confirmation of the decline in cryptocurrency will be a breakdown of the lower boundary of the «Triangle» model and the closure of quotes below the level of 48.00.
Litecoin weekly forecast & analysis October 22 — 26, 2018 implies an attempt to test the resistance area near the level of 60.00 and continue falling to the area below the level of 30.00, an additional signal in favor of Litecoin decline will be a test of the trend line on the relative strength index (RSI).
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