Litecoin is traded at level 157. LTC/USD continues to move below the moving average level, which indicates the development of the bearish trend. At the moment, we expect to continue correction to the moving average near the level of 175 and continue to decline quotes Litecoin with a goal below 95.
LTC/USD forecast Litecoin on January 18, 2018
An additional signal in favor of the Litecoin fall will be a test of level 80 on the Stochastic indicator, which will form a strong signal for sell of the cryptocurrency in the direction of a short-term bearish trend.
The cancellation of the drop in LTC/USD quotations will result in a strong growth and breakdown of the area of 200, which will indicate the continued growth of the cryptocurrency. With the breakdown of the local minimum level and the closing of quotations below area 110, it is expected to accelerate the development of the bearish trend.
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