Cryptocurrency Litecoin LTC/USD is trading at 44.81. Quotes of cryptocurrency will continue to move within the framework of a downward correction. It is worth expecting a rebound and an attempt to continue falling quotations LTC/USD in the area below the level of 40. Again, we should expect a rebound and a rise in quotations from the lower border of the rising channel.
Technical analysis & Litecoin forecast on July 13, 2017
In favor of the fall of the cryptocurrency is the test of the resistance line on the indicator of relative strength index (RSI). Cancellation of the fall option will be a strong growth and breakdown of the area 48, which will indicate the continued growth of Litecoin in the area above the level of 52. With the breakdown of level 38, it is expected to accelerate the drop in quotes LTC/USD.
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