The end of 2017 marked a significant rise in the price of the LTC currency to reach $ 365. Naturally, the correction currency started to fall, forming a bearish channel, where prices rebounded higher and lower and touched $ 106 to start the bounce.
Prices are still in the descending channel, and we can not confirm the price rise continuously until the descending channel is breached with resistance line 160 $, where there is another possibility of a rebound from that region to $ 80.
The technical indicators show us the start of a bounce in the price as the RSI indicator shows us a bounce back from 34 pips which is good with confirmation that the best buying area below 30 pips
January 9, 2018 The price reached $ 160, and despite the rebound that took place today, January 10, 2018 we still expect to continue to climb to the next levels and will be gradually next 195 - 210 - 258 - 278 - 355 $, and if prices continue to fall will reach a new level of support end At $ 80.
Prices are still in the descending channel, and we can not confirm the price rise continuously until the descending channel is breached with resistance line 160 $, where there is another possibility of a rebound from that region to $ 80.
The technical indicators show us the start of a bounce in the price as the RSI indicator shows us a bounce back from 34 pips which is good with confirmation that the best buying area below 30 pips
January 9, 2018 The price reached $ 160, and despite the rebound that took place today, January 10, 2018 we still expect to continue to climb to the next levels and will be gradually next 195 - 210 - 258 - 278 - 355 $, and if prices continue to fall will reach a new level of support end At $ 80.
Comment:
The first and second Target (195 - 210) were achieved and we are waiting for the rest of the goals to be achieved