Litecoin LTC/USD are traded at 158 and continue to move in a bearish trend. At this point, we should expect an attempt to test the resistance level near the area of 165. Where again we should expect a rebound and the continued decline in the Litecoin exchange rate with a target below level 130.
Litecoin (LTC/USD) technical analysis on March 21, 2018
In favor of falling quotes LTC/USD will test the trend line on the indicator of relative strength index (RSI). The abolition of the fall option will be a strong growth and breakdown of the 175 area, which will indicate the breakdown of the upper boundary of the bearish channel and the continuation of growth within the bull model of the «Wolfe Wave». With the breakdown of the support area and the closing of quotes below the level of 125, we should expect confirmation of the development of the bearish trend for Litecoin.
Litecoin (LTC/USD) technical analysis on March 21, 2018 suggests a test of the resistance area near the level of 165, from which it is expected to rebound and continue falling into the area below level 130, an additional signal in favor of the Litecoin fall will be a test of the trend line on the indicator of relative strength index (RSI).
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