Litecoin LTC/USD are are traded at level 115 and continue to move within a bearish trend. At this point, we should expect a test of the resistance level near 120. Again, we expect a rebound and the continued decline in the Litecoin exchange rate with a target below 75.
Litecoin forecast & technical analysis February 4, 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 the lower bound of the «Triangle» model and the closing of quotations below the level of 100, it is expected to accelerate the fall of Litecoin.
Litecoin forecast & technical analysis February 4, 2018 presupposes a test of level 120, from which it is expected to rebound and continue falling into the area below level 75, an additional signal in favor of the Litecoin fall will be a test of the resistance line on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
