For the benefit of others with legacy code that utlizes Swift Image Literals, the code and syntax of the image literal function themselves are still valid and work perfectly fine in Xcode 10 with Swift 4.2.
There is no need to rollback or refactor existing code that utlizes these image literals, and they can still be used as follows:
imageView.image = #imageLiteral(resourceName: imageNameString)
Only the code completion function (or auto-complete) of the Xcode IDE has been discontinued.
UPDATE
The difference in image-literal representation in previous and current versions or Xcode/Swift:
image = #imageLiteral(resourceName: "flower.jpg")

As the extract illustrates, image literals were represented in-line with thumbnails of their actual image. However, now, only a generic icon is used in its place. Presumably, this goes towards reducing the burden on the IDE, by eliminating the overheads of handling and displaying the in-line thumbnails.