Litecoin LTC/USD completes the trading week at level 118 and continues to move as part of the decline and formation of the «Triangle» model. At this point, you 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 increase the rate of Litecoin with a goal above 225. The target of testing the model is the area above the level of 380.
Litecoin weekly forecast May 28 — June 1, 2018
In favor of the growth of LTC/USD quotations, an uptrend test on the relative strength index (RSI) will perform. The abolition of Litecoin’s 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 May 28 — June 1, 2018 suggests a test of the support area near level 105 and the continuation of growth in the area above the level of 225, an additional signal for Litecoin’s growth will be a test of the support line on the indicator of relative strength index (RSI).
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