Litecoin LTC/USD are traded at the level of 184 and continue to move within 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 165. 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 9, 2018
The abolition of the fall option will be a strong growth and breakdown of the area 210, which will indicate the breakdown of the resistance area and the continued growth of LTC/USD. With the breakdown of the lower boundary of the bearish channel and the closing of quotations below the level of 165, we should expect confirmation of the development of the bearish trend for Litecoin.
Litecoin forecast & technical analysis on March 9, 2018 suggests an attempt to test the resistance area near the level of 190, from which it is expected to rebound and continue falling into the area below the level of 165, 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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