Litecoin LTC/USD are traded at the level of 139 and continue to move within a bearish trend. At this point, we should expect a test of the resistance level near 150. Again, we should expect a rebound and the continued decline in the Litecoin exchange rate with a target below the level of 115. In favor of the drop in LTC/USD quotations, a resistance line test will be performed on the relative strength index (RSI).
Litecoin forecast & technical analysis February 2, 2018
The cancellation of the fall variant will result in a strong growth and breakdown of the 175 area, 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 closing below 125, it is expected to accelerate the fall of quotations of the crypto currency.
Litecoin forecast & technical analysis February 2, 2018 assumes a 150 level test attempt, from which it is expected to bounce back and continue falling below 115, an additional test of Litecoin’s fall will be the resistance line test on the relative strength index (RSI).
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