Litecoin weekly forecast & analysis October 8 — 12, 2018


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Litecoin LTC/USD ends the trading week at 57.12 and continues to move as part of the decline. At the moment, we should expect an attempt to test the resistance area near the level of 62.00. From where it is again necessary to expect a rebound and an attempt to continue the fall of growth on Litecoin with the goal below the level of 35.00.

Litecoin weekly forecast & analysis October 8 — 12, 2018

In favor of the growth of LTC/USD quotes in the current trading week of October 8 — 12, 2018, a test of the trend line on the relative strength index (RSI) will come out. The cancellation of the fall variant of Litecoin will be a strong growth and a breakdown of the area of ​​70.00, 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 closing of quotes below the level of 46.00.

Litecoin weekly forecast & analysis October 8 — 12, 2018

Litecoin weekly forecast & analysis October 8 — 12, 2018 implies an attempt to test the resistance area near the level of 62.00 and continue falling to the area below 35.00, an additional signal in favor of Litecoin reduction will be a test of the trend line on the relative strength index (RSI).


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