Litecoin LTC/USD are traded at 131 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 in the Litecoin exchange rate with a target below 85. In favor of the drop in LTC/USD quotations, a resistance area test will be performed on the relative strength index (RSI).
Litecoin forecast & technical analysis February 8, 2018
The cancellation of the fall option will be a strong growth and breakdown of the 175 area, which will indicate the breakdown of the upper border of the channel and the continued growth of LTC/USD. With the breakdown of the support area and the closing of quotations below the level of 80, it is expected to accelerate the fall of Litecoin.
Litecoin forecast & technical analysis February 8, 2018 suggests a test of level 145, from which it is expected to rebound and continue falling into the area below level 85, 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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