Litecoin LTC/USD traded on the stage of 181 and proceed to maneuver inside the bearish channel. At this level, we must always anticipate a check of the help stage close to the world of 160. Again, we must always anticipate a rebound and the continued development of the Litecoin change fee with a goal above 240. In favor of the expansion of LTC/USD quotations, a help line check shall be carried out on the relative energy index (RSI).
Litecoin forecast & technical analysis February 15, 2018
The abolition of the expansion choice would be the fall and breakdown of the world of 140, which is able to point out the breakdown of the help space and the continuation of the decline of LTC/USD. With breakdown of the higher border of the channel and shutting of quotes above the extent of 200 it’s essential to anticipate affirmation of the event of the bullish development for Litecoin.
Litecoin forecast & technical analysis February 15, 2018 suggests a check of the help space close to the extent of 160, from which it’s anticipated to rebound and proceed development within the space above the extent of 240, a further sign in favor of Litecoin development shall be a check of a damaged development line on the indicator of relative energy index (RSI).