Litecoin LTC/USD traded at the level of 181 and continue to move within the bearish channel. At this point, we should expect a test of the support level near the area of 160. Again, we should expect a rebound and the continued growth of the Litecoin exchange rate with a target above 240. In favor of the growth of LTC/USD quotations, a support line test will be performed on the relative strength index (RSI).
Litecoin forecast & technical analysis February 15, 2018
The abolition of the growth option will be the fall and breakdown of the area of 140, which will indicate the breakdown of the support area and the continuation of the decline of LTC/USD. With breakdown of the upper border of the channel and closing of quotes above the level of 200 it is necessary to expect confirmation of the development of the bullish trend for Litecoin.
Litecoin forecast & technical analysis February 15, 2018 suggests a test of the support area near the level of 160, from which it is expected to rebound and continue growth in the area above the level of 240, an additional signal in favor of Litecoin growth will be a test of a broken trend line on the indicator of relative strength index (RSI).
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