Litecoin LTC/USD are traded at 161 and continue to move in a bearish trend. At the moment, we should expect a test of the resistance level near the area of 170. Again, we should expect a rebound and the continued decline in the Litecoin exchange rate with a target below the level of 135.
Litecoin forecast & technical analysis on March 17, 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 185 area, which will indicate the breakdown of the region of the upper boundary 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 150, we should expect confirmation of the development of the bearish trend for Litecoin.
Litecoin forecast & technical analysis on March 17, 2018 suggests a test of the resistance area near the level of 170, from which it is expected to rebound and continue falling into the area below the level of 135, an additional signal in favor of the fall of Litecoin will be a test of the trend line on the indicator of relative strength index (RSI).
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