Litecoin LTC/USD are traded at level 115 and continue to move within a strong bullish correction. At this point, we should expect a test of the resistance level near 165. Where again we should expect a rebound and the continued decline of the Litecoin exchange rate with a target below the level of 100.
Litecoin forecast & technical analysis February 5, 2018
In favor of the drop in LTC/USD quotes, a resistance line test will be performed on the relative strength index (RSI). The abolition of the fall option will be a strong growth and breakdown of the 195 area, which will indicate the breakdown of the resistance area and the continued growth of LTC/USD. With the breakdown of the support area and the closing of quotations below the level of 135, it is expected to accelerate the fall of Litecoin.
Litecoin forecast & technical analysis February 5, 2018 presupposes a test of level 165, from which it is expected to rebound and continue falling into the area below level 100, 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).
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