Litecoin LTC/USD are traded at 132 and continue to move in a bearish trend. At this point, we should expect a test of the resistance level near 145. Where again we should expect a rebound and the continued decline of the Litecoin with a target below 80.
Litecoin forecast & technical analysis February 6, 2018
In favor of the drop in LTC/USD quotations, 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 175 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 quotes below the level of 100, it is expected to accelerate the fall of Litecoin.
Litecoin forecast & technical analysis February 6, 2018 suggests a test of level 145, from which it is expected to rebound and continue falling into the area below level 80, 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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