Litecoin LTC/USD traded at 293 and continue to move within the correction. At the moment, we should expect an attempt to lower and test the lower limit of the «Triangle» model near the 280 level. Again, we should expect a rebound and the continued growth of the Litecoin exchange rate with a target above 355.
Litecoin LTC/USD forecast on December 22, 2017
In favor of the LTC/USD quotes growth, a support line test will be performed on the relative strength index (RSI). The cancellation of the variant of growth will be the breakdown of the area 240, which will indicate the yield of quotations of the cryptocurrency outside the model and the continuation of the fall of LTC/USD. Expect to accelerate growth is with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 370.
Litecoin LTC/USD forecast on December 22, 2017 assumes an attempt to test the lower Triangle model near 280, from which it is expected to rebound and continue to rise above 355, an additional signal in favor of Litecoin growth will be a test of the support line on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
