Litecoin LTC/USD are traded at level 116 and continue to move within a bearish trend. At this point, we should expect a test of the resistance level near 140. Once again, we expect a rebound and the continued decline in the Litecoin exchange rate with a target below 75.
Litecoin forecast & technical analysis February 3, 2018
In favor of the drop in LTC/USD quotations, a resistance line test will be performed on the relative strength index (RSI). The reversal of the fall option will be a strong growth and breakdown of the area 155, which will indicate the breakdown of the resistance area and the continued growth of LTC/USD. With the breakdown of level 95, it is expected to accelerate the fall of quotations of the cryptocurrency.
Litecoin forecast & technical analysis February 3, 2018 involves a test of level 140, from which it is expected to rebound and continue falling to the area below level 75, an additional signal in favor of falling Litecoin will test the resistance line on the indicator of relative strength index (RSI).
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