Litecoin LTC/USD are traded at the level of 250 and continue to move within a bearish correction. At this point, we should expect an attempt to reduce and test the level of 230. Again, we should expect a rebound and the continued growth of the Litecoin exchange rate with a target above the level of 340.
Litecoin LTC/USD forecast on December 16, 2017
In favor of the growth of LTC/USD quotations, a support line test will be performed on the relative strength index (RSI). The abolition of the growth option will be the breakdown of area 210, which will indicate the continuation of the decline of LTC/USD. Expect to accelerate growth is with the breakdown of the level of 280.
Litecoin LTC/USD forecast on December 16, 2017 assumes a test of the level of 230, from which it is expected to rebound and continue growth to the area above the level of 340, an additional signal for the growth of Litecoin will be a test of the support line on the indicator of relative strength index (RSI).
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