Litecoin LTC/USD are traded at 143 and continue to move in a bearish trend. At this point, we should expect a test of the resistance level near 160. Again, we should expect a rebound and the continued decline in the Litecoin exchange rate with a target below 80. 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 9, 2018
Cancellation of the fall option will be a strong growth and breakdown of the 200 area, which will indicate the breakdown of the upper limit of the «Triangle» model and the continued growth of LTC/USD. With the breakdown of the support area and the closing of quotes below level 95, it is worth waiting for confirmation of the fall of Litecoin.
Litecoin forecast & technical analysis February 9, 2018 suggests a test of level 145, from which it is expected to rebound and continue falling to 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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