Litecoin LTC/USD are traded at 177 and continue to move in a bearish trend. At this point, we should expect a test of the resistance level near area 190. Again, we should expect a rebound and the continued decline in the Litecoin exchange rate with a target below the level of 155. 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 on March 14, 2018
The cancellation of the fall option will result in a strong growth and breakdown of the area 205, which will indicate the breakdown of the upper border of the bearish channel and the continued growth of LTC/USD. With the breakdown of the support area and the closing of quotes below the level of 165, we should expect confirmation of the development of the bearish trend for Litecoin.
Litecoin forecast & technical analysis on March 14, 2018 suggests a test of the resistance area near the level of 190, from which it is expected to rebound and continue falling to the area below the level 155, an additional signal in favor of the Litecoin fall will be a test of the trend line on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
