Litecoin LTC/USD are traded at level 150 and continue to move within a bearish correction. At this point, we should expect a test of the level of 160. Again, we expect a rebound and the continued decline in the Litecoin exchange rate with a target below 1115.
Litecoin forecast & technical analysis February 1, 2018
In favor of the drop in LTC/USD quotations, a resistance line test will be performed on the relative strength index (RSI). The abolition of the fall option will be a strong growth and breakdown of the area 180, which will indicate the outflow of quotes outside the channel and the continued growth of LTC/USD. With the breakdown of the lower border of the channel, it is expected to accelerate the fall of the quotations of the cryptocurrency.
Litecoin forecast & technical analysis February 1, 2018 assumes a test of level 160, from which it is expected to rebound and continue falling to the area below level 115, an additional signal in favor of the Litecoin fall will test the resistance line on the indicator of relative strength index (RSI).
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