Litecoin LTC/USD are traded at 133 and continue to move in the fall. At this point, we should expect an attempt to test the resistance level near the area of 135. Where again we should expect a rebound and the continued fall of the Litecoin course with a target below the level of 120.
Litecoin (LTC/USD) technical analysis on March 29, 2018
In favor of the decline in LTC/USD quotes, a trend line test will be performed on the indicator of relative strength index (RSI). The abolition of the fall option will be a strong growth and breakdown of the area of 140, which will indicate the breakdown of the upper boundary of the bearish channel and the continuation of growth. With the breakdown of the support area and the closing of quotations below the level of 125, we should expect confirmation of the development of a bearish trend in Litecoin.
Litecoin (LTC/USD) technical analysis on March 29, 2018 expects a test of the resistance area near the level of 135, from which it is expected to rebound and continue falling to the area below the level of 120, an additional signal in favor of the Litecoin fall will test the trend line on the indicator of relative strength index (RSI).
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