Litecoin LTC/USD ends the trading week at 30.98 and continues to move as part of the fall. Moving averages indicate a downward trend. At the moment, we should expect an attempt to test the support area near the level of 45.00. From where it is again necessary to expect a rebound and an attempt to continue to fall on Litecoin with a target below the level of 15.00.
Litecoin weekly forecast December 3 — 7, 2018
A test of the resistance line on the relative strength index (RSI) will be in favor of LTC/USD quotes reduction in the current trading week of December 3 — 7, 2018. The abolition of the fall version of Litecoin will be a strong growth and a breakdown of the 50.00 area. This will indicate a breakdown of the resistance area and continued growth of LTC/USD. Confirmation of a decline in cryptocurrency will be a breakdown of the support area and closing of quotes below the level of 22.50.
Litecoin weekly forecast December 3 — 7, 2018 involves an attempt to test the resistance area near the level of 45.00. Then continue falling to the area below the level of 15.00. An additional signal in favor of Litecoin’s decline is a 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.