Litecoin LTC/USD are traded at level 166 and continue to move within the framework of an bullish correction. At this point, we should expect a test of the level of 150. Again, we expect a rebound and the continued growth of the Litecoin exchange rate with a target above the level of 200. In favor of the growth of LTC/USD quotes, a support line test will be performed on the relative strength index (RSI).
Litecoin forecast & technical analysis February 11, 2018
The abolition of the growth option will be the fall and breakdown of the 100 area, which will indicate the breakdown of the support area and the continuation of the LTC/USD decline. With the breakdown of the resistance area and the closing of quotations above the level of 200, one should expect confirmation of the development of the bullish trend for Litecoin.
Litecoin forecast & technical analysis February 11, 2018 suggests a 150 level test, from which it is expected to rebound and continue growth to the area above the level of 200, an additional signal in favor of falling Litecoin will be a test of the trend line on the indicator of relative strength index (RSI).
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