Litecoin LTC/USD completes the trading week at 82 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 105. Where again we should expect a rebound and an attempt to continue reducing the rate of Litecoin with a goal below the level of 55.
Litecoin weekly forecast July 9 — 13, 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 result in a strong growth and breakdown of the 115 area, which will indicate the breakdown of the upper boundary of the bearish channel 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 July 9 — 13, 2018 suggests an attempt to test the resistance area near the level of 105 and continue the decline to the area below the level of 55, an additional signal in favor of the Litecoin fall will test the resistance line on the indicator of relative strength index (RSI).