Litecoin LTC/USD are traded at the level of 308 and continue to move within the correction. At this point, we should expect an attempt to lower and test the lower border of the channel near the level of 295. Where again we should expect a rebound and the continued growth of the Litecoin exchange rate with a target higher than the level of 360.
Litecoin LTC/USD forecast on December 19, 2017
In favor of LTC/USD quotes growth, a support line test will be performed on the relative strength index (RSI). Cancellation of the growth option will be a breakdown of area 270, which will indicate the continuation of the decline of LTC/USD. Expect to accelerate growth is with the breakdown of level 320.
Litecoin LTC/USD forecast on December 19, 2017 suggests an attempt to test the lower border of the channel near near 295, from which it is expected to rebound and continue growth to an area above the level of 360, an additional signal in favor of Litecoin growth will be a test of the support line on the indicator relative strength index (RSI).
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