Cryptocurrency Litecoin LTC/USD is trading at the level of 39.32. Quotes of the cryptocurrency could be repelled from the important support area at the level of 34.90. At the moment, a resistance area test is expected at level 41, where again we should expect a rebound and a drop in quotations of Litecoin. In favor of reducing the cryptocurrency, a trend line test will be performed on the indicator of relative strength index (RSI).
Litecoin technical analysis & signals on June 29, 2017
Cancellation of the variant of the fall in quotations will result in a strong growth and breakdown at level 43, which will indicate continued growth in the area above level 47. Litecoin technical analysis & signals on June 29, 2017 involves trying to test the resistance level and lower quotations in the area below level 36, the fall signal will test the resistance line on the indicator of relative strength index (RSI), in case of a breakdown of level 43, one should expect the continuation of growth.
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