The ability to accurately forecast network resource utilization is vital in next-generation wireless networks. Based on the predicted load, telecom operators can proactively allocate network resources in an efficient way. In this paper, we perform a thorough analysis of a cellular network downlink load dataset collected at millisecond resolution. We first evaluate various statistical metrics of the physical resource block (PRB) utilization data to investigate its predictability. Then, we develop deep learning-based models to forecast PRB utilization in radio access networks (RANs). In particular, we propose univariate and multivariate long short-term memory (LSTM) network-based architectures for the forecasting task and investigate the impact of various prediction horizons and history lengths. When predicting PRB utilization, our approach showed up to 49% improvement in the Coefficient of Determination (r 2 score) and 19.5% decrease in the Root Mean Square Error (RMSE) compared with the baseline methods used.