Litecoin LTC/USD are trading at 56.08 and continue to move in line with the trend. At this point, we should expect a test of the support level test near the area of 52.50. Where again we should expect a rebound and the continued growth of the Litecoin exchange rate with a target above the level of 67.00.
Litecoin (LTC/USD) technical analysis August 17, 2018
In favor of LTC/USD quotes growth, a test of a broken trend line on the relative strength index (RSI) will appear, as well as the formation of the head and shoulders reversal model. The abolition of the growth option will be the fall and breakdown of the 47.00 area, which will indicate the breakdown of the support area and the continued fall in the rate of the cryptocurrency. With the breakdown of the resistance area and the closing of quotes above the level of 59.00, we should expect confirmation of the development of the upward trend for Litecoin.
Litecoin (LTC/USD) technical analysis August 17, 2018 suggests an attempt to test the resistance area near the level of 52.50, from which it is expected to rebound and continue growth of LTC/USD to the area above 67.00, an additional signal in favor of Litecoin growth will be a trend line test on the relative strength index (RSI), the abolition of the growth option will be the fall and breakdown of the 47.00 area.
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