Litecoin LTC/USD completes the trading week at level 118 and continues to move within the correction and formation of the «Triangle» model. At this point, we should expect an attempt to test the lower limit of the model «Triangle» near the level of 105. Again, we should expect a rebound and an attempt to increase the rate of Litecoin with a target above 215. The overall target of working out the «Triangle» model is the area above the level of 380.
Litecoin weekly forecast June 4 — 8, 2018
In favor of LTC/USD quotes growth, the support area test will be performed on the relative strength index (RSI). The abolition of Litecoin growth option will be the fall and breakdown of area 80, which will indicate the breakdown of the lower boundary of the «Triangle» model and the continuation of the LTC/USD decline. Confirmation of the growth of the cryptocurrency will be the breakdown of the upper limit of the «Triangle» model and the closing of quotations above the level of 165.
Litecoin weekly forecast June 4 — 8, 2018 assumes an attempt to test the support area near the level of 105 and continue the growth to an area above the level of 215, as part of the «Triangle», an additional signal in favor of Litecoin growth will be a test of the support line on the relative strength index (RSI).