Litecoin weekly forecast October 29 — November 2, 2018


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Litecoin LTC/USD ends the trading week at 51.31 and continues to move within the «Triangle» model. At the moment, we should expect an attempt to test the resistance area near the level of 60.00. From where it is again necessary to expect a rebound and an attempt to continue the fall of growth on Litecoin with the goal below the level of 30.00.

Litecoin weekly forecast October 29 — November 2, 2018

In favor of the growth of LTC/USD quotes in the current trading week of October 29 — November 2, 2018, a test of the trend line on the relative strength index (RSI) will come out. The abolition of the fall variant of Litecoin will be a strong growth and a breakdown of the area of ​​65.00, which will indicate a breakdown of the upper limit of the «Triangle» model and continued growth of LTC/USD. A confirmation of the decline in cryptocurrency will be a breakdown of the lower boundary of the «Triangle» model and the closure of quotes below the level of 48.00.

Litecoin weekly forecast October 29 — November 2, 2018

Litecoin weekly forecast October 29 — November 2, 2018 implies an attempt to test the resistance area near the level of 60.00 and continue falling to the area below the level of 30.00, an additional signal in favor of Litecoin’s reduction is a test of the trend line on the relative strength index (RSI); growth and the breakdown of the area 65.00, which indicates a continued growth of cryptocurrency.


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