Litecoin LTC/USD ends the trading week at 29.76 and continues to move as part of the fall. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to test the resistance area near the level of 40.00. From where it is again necessary to expect a rebound and an attempt to continue falling on Litecoin with a target below the level of 15.00.
Litecoin weekly forecast December 24 — 28, 2018
In favor of lowering LTC/USD quotes in the current trading week, December 24 — 28, 2018, a resistance line test on the relative strength index (RSI) will come out. As well as a rebound from the upper limit of the descending channel. The abolition of the fall version of Litecoin will be a strong growth and a breakdown of 50.00. This will indicate a breakdown of the upper boundary of the channel and continued growth of LTC/USD. A confirmation of the decline in cryptocurrency will be a breakdown of the support area and closing of quotes below the level of 20.00.
Litecoin weekly forecast December 24 — 28, 2018 involves an attempt to test the resistance area near the level of 40.00. Then continue falling to the area below the level of 15.00. An additional signal in favor of Litecoin decline is the test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the 50.00 area. This will indicate the continued growth of cryptocurrency.
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