Litecoin LTC/USD are traded at 157 and continue to move within the correction. 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 within the bull model «Wolfe Wave».
Litecoin (LTC/USD) technical analysis on March 24, 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 area 125, which will indicate the breakdown of the support area 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 24, 2018 suggests a test of the support area near the 150 level, 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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