Litecoin forecast & analysis LTC/USD May 26, 2018


Litecoin LTC/USD is trading at the level of 119. The cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Litecoin. The test area of ​​Ichimoku Kinko Hyo signal lines near level 125 is expected, from which it is expected to rebound and attempt to continue falling of LTC/USD with a target below the level of 100.

Litecoin forecast & analysis LTC/USD May 26, 2018

An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area, as well as a test of the upper boundary of the bearish channel. Earlier, a strong signal was received for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 134.

Litecoin forecast & analysis LTC/USD May 26, 2018

The abolition of the Litecoin cryptocurrency fall will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above area 135, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in LTC/USD quotes with the breakdown of the support area and the closing below the level of 115.


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