Litecoin LTC/USD are traded at 172 and continue to move in a bearish trend. At this point, we should expect an attempt to test the resistance level near the area of 175. Where again we should expect a rebound and the continued fall of the Litecoin course with a target below the level of 150.
Litecoin forecast & technical analysis on March 15, 2018
In favor of falling quotes LTC/USD will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the fall option will result in a strong growth and breakdown of the 195 area, 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 15, 2018 suggests a test of the resistance area near the level of 175, from which it is expected to rebound and continue falling to the area below the level of 150, an additional signal in favor of the Litecoin fall will test the trend line on the indicator of relative index (RSI).
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