Litecoin LTC/USD traded at 345 and continue to move within the rising channel. At this point, we should expect an attempt to lower and test the lower border of the channel near the level of 330. Again, we should expect a rebound and the continued growth of the Litecoin exchange rate with a target above 415 level.
Litecoin LTC/USD forecast on December 20, 2017
In support of LTC/USD quotes growth, a support line test will be performed on the relative strength index (RSI). The abolition of the growth option will be a breakdown of the area 300, which will indicate the yield of the cryptocurrency outside the channel and the continuation of the LTC/USD decline. Expect to accelerate growth is with the breakdown of the level of 370.
Litecoin LTC/USD forecast on December 20, 2017 suggests an attempt to test the lower border of the channel near 330, 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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