Litecoin LTC/USD traded at 129 and continue to move within the fall. At this point, we should expect a test of the resistance level near the area of 135. Where again we should expect a rebound and the continued decline of the Litecoin course with a target below 95.
Litecoin (LTC/USD) technical analysis April 5, 2018
In favor of the decline in LTC/USD quotations, a trend line test will be performed on the indicator of relative strength index (RSI). The abolition of the fall option will be a strong growth and breakdown of the 150 area, which will indicate the breakdown of the upper boundary of the bearish channel and the continuation of growth. With the breakdown of the support area and the closing of quotations below the level of 110, one should expect a confirmation of the development of the bearish trend for Litecoin.
In favor of the fall, the cryptocurrency will also act as an uptrend line at small time intervals, as well as the formation of the head and shoulders reversal pattern on the relative strength index (RSI).
Litecoin (LTC/USD) technical analysis April 5, 2018 predicts a test of the resistance area near the level of 135, from which it is expected to rebound and continue falling into the area below level 95, an additional signal in favor of the Litecoin fall will be a trend line test on the relative strength index (RSI).
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