Litecoin LTC/USD are traded at level 118 and continue to move within a bearish trend. At this point, we should expect a test of the level of support near the area of 112. Where again we should expect a rebound and the continued growth of the Litecoin exchange rate with a target above the level of 140.
Litecoin (LTC/USD) technical analysis June 1, 2018
In favor of LTC/USD quotes growth, the trend line test will be performed on the relative strength index (RSI), as well as the formation of the reversal model inverted «Head and Shoulders». The cancellation of the variant of growth will be the fall and breakdown of area 105, which will indicate the breakdown of the local minimum and the continuation of the fall. With the breakdown of the resistance area and the closing of quotes above the level of 125, we should expect confirmation of the development of the bullish trend for Litecoin.
Litecoin (LTC/USD) technical analysis June 1, 2018 suggests a test a support area test near level 112, from which it is expected to rebound and continue growth to an area above level 140, an additional signal in favor of Litecoin’s growth will be a test of the trend line on the indicator of relative strength index (RSI).
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