Litecoin LTC/USD traded at 289 and continue to move within the correction. At this point, we should expect an attempt to reduce and test the level of 275. Where again we should expect a rebound and the continued growth of the Litecoin exchange rate with a target higher than the level of 365.
Litecoin LTC/USD forecast on December 17, 2017
In favor of the growth of LTC/USD quotes, a support line test will be performed on the relative strength index (RSI), as well as the formation of the reversal model «Head and Shoulders». The abolition of the growth option will be the breakdown of area 230, which will indicate continuation of the decline of LTC/USD. Expect to accelerate growth is with the breakdown of level 320.
Litecoin LTC/USD forecast on December 17, 2017 assumes a test of the level 275, from which it is expected to rebound and continue growth to the area above the level of 365, 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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