Litecoin LTC/USD are traded at 165 and continue to move within the correction. At this point, we should expect a test of the level of support near the area of 155. Where 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 bullish model «Wolfe Wave».
Litecoin (LTC/USD) technical analysis on March 25, 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 25, 2018 suggests an attempt to test the support area near the level 155, 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 relative strength index (RSI).