Cryptocurrency Litecoin LTC/USD is trading at level 41. Quotes will continue to move within the bearish channel, which implies a bearish trend for Litecoin and the continuation of the fall. It is worth waiting for an attempt to test the upper border of the channel and continue falling prices LTC/USD in the area below the level of 35.
Technical analysis & Litecoin forecast on July 18, 2017
In favor of the fall of the cryptocurrency is the resistance line test on the indicator of relative strength index (RSI). Cancellation of the fall option will be a strong growth and breakdown of the area of 45, which will indicate the continued growth of Litecoin in the area above the level of 50. With the breakdown of level 38, it is expected to accelerate the drop in quotes LTC/USD.
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