Litecoin LTC/USD are traded at 153 and continue to move in a bearish trend. At this point, we should expect a test of the support level test near the area of 145. Where again we should expect a rebound and the continued growth of the Litecoin exchange rate with a target above the level of 200, within the beginning of the development of the bullish «Wolfe Wave» model.
Litecoin (LTC/USD) technical analysis on March 20, 2018
In favor of LTC/USD quotes growth, a support line test will be performed on the relative strength index (RSI). The abolition of the growth option will be the fall and breakdown of the 115 area, which will indicate the breakdown of the lower boundary of the «Wolfe Wave» model and the continuation of the LTC/USD decline. With the breakdown of the bearish trend line on the indicator of relative strength index (RSI) and the closing of quotations above the level of 160, one should expect confirmation of the development of the bullish trend in Litecoin.
Litecoin (LTC/USD) technical analysis on March 20, 2018 suggests an attempt to test the support area near the level of 145, from which it is expected to rebound and continue growth to the area above the level of 200, an additional signal in favor of Litecoin growth will be a trend line test on the indicator of relative strength index (RSI).
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