Litecoin LTC/USD are traded at level 100 and continue to move within a bearish trend. At this point, we should expect a test of the resistance level near 125. Again, we should expect a rebound and the continued decline in the Litecoin exchange rate with a target below 55. 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 7, 2018
The abolition of the fall option will be a strong growth and breakdown of the 165 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 level 95, it is expected to accelerate the fall of Litecoin.
Litecoin forecast & technical analysis February 7, 2018 suggests a 125-level test, from which it is expected to bounce back and continue falling below 55, an additional test of Litecoin fall will be a resistance line test on the relative strength index (RSI).
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