Litecoin LTC/USD are traded at the level of 171 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 150. Again, we should expect a rebound and the continued growth of the Litecoin exchange rate with a target above the level of 200, as part of the beginning of the development of the bullish «Wolfe Wave» model.
Litecoin (LTC/USD) technical analysis on March 22, 2018
In favor of LTC/USD quotes growth, the trend 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 125 area, which will indicate the breakdown of the lower boundary of the «Wolfe Wave» model and the continuation of the fall. With the breakdown of the resistance area and the closing of quotations above the level of 180, we should expect confirmation of the development of the growth trend for Litecoin.
Litecoin (LTC/USD) technical analysis on March 22, 2018 suggests a test of the support area near the level of 150, from which it is expected to rebound and continue growth in the area above the level of 200, an additional signal in favor of Litecoin growth will test the trend line on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
