Litecoin is traded at 160. LTC/USD continue to move below the moving average level, which indicates the development of the bearish trend. At the moment, we expect to continue correction to the moving average near the level of 170 and continue to decline quotations Litecoin with a target below 75.
LTC/USD forecast Litecoin on January 19, 2018
An additional signal in favor of the downfall of Litecoin is the test of level 80 on the Stochastic indicator, which will form a strong signal for sell of the cryptocurrency in the direction of a short-term bearish trend.
The cancellation of the drop in LTC/USD quotations will result in a strong growth and breakdown of area 210, which will indicate the continued growth of the cryptocurrency. With the breakdown of the local minimum level and the closing of quotations below the area of 110, it is expected to accelerate the development of the bearish trend.
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