Litecoin LTC/USD are traded at 61.52 and continue to move within a bearish trend. At this point, we should expect an attempt to test the resistance level near the area of 66.20. Where again we should expect a rebound and the continued decline of the Litecoin exchange rate with a target below the level of 52.30.
Litecoin (LTC/USD) technical analysis August 10, 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 71.00 area, which will indicate the breakdown of the upper border of the channel and the continued growth of the rate of the cryptocurrency. With the breakdown of the support area and the closing of quotes below the level of 60.00, we should expect confirmation of the development of the bearish trend for Litecoin.
Litecoin (LTC/USD) technical analysis August 10, 2018 suggests is a test of the resistance area test near the level of 66.20, from which it is expected to rebound and continue falling of LTC/USD to the area below the level of 52.30, an additional signal in favor of Litecoin decline will be a trend line test on the relative strength index (RSI), the abolition of the fall option will be a strong growth and breakdown of the 71.00 area.
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