Litecoin LTC/USD are traded at level 140 and continue to move within a bearish trend. At this point, we should expect to try a test of the level of the upper limit of the «Triangle» model near 150. Once again, we expect a rebound and the continued decline in the Litecoin exchange rate with a target below 105.
Litecoin forecast & technical analysis February 10, 2018
In favor of the drop in LTC/USD quotations, a resistance line test will be performed on the relative strength index (RSI). The cancellation of the fall option will result in a strong growth and breakdown of area 155, which will indicate the breakdown of the upper boundary of the «Triangle» model and the continued growth of LTC/USD. With the breakdown of the support area and the closing of quotes below the level of 90, one should expect confirmation of the fall of Litecoin.
Litecoin forecast & technical analysis February 10, 2018 suggests a 150 level test, from which one should expect a rebound and continue falling into the area below level 105, an additional signal in favor of the Litecoin fall will be a resistance line test on the relative strength index (RSI).
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