Litecoin LTC/USD are traded at 160 and continue to move in a bearish trend. At this point, we should expect a test of the resistance level near the area of 165. Where again we should expect a rebound and the continued decline of the Litecoin course with a target below the level of 135.
Litecoin forecast & technical analysis on March 18, 2018
In favor of falling quotations LTC/USD will test the resistance line on the indicator of relative strength index , as well as the formation of the reversal model «Head and Shoulders». 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 18, 2018 suggests a test of the resistance area near the level of 165, from which it is expected to rebound and continue falling to the area below the level of 135, 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).
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