Litecoin LTC/USD is trading at 215. Cryptocurrency is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 220 is expected to be tested near the level of 220, from which we expect a rebound and an attempt to continue the decline of LTC/USD with a target below 130.
Litecoin forecast & analysis LTC/USD on December 30, 2017
Earlier, we received a signal of medium strength for sell of Litecoin cryptocurrency, by crossing the signal lines at 245 level. Cancellation of the Litecoin fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 260, which indicates a change in the bearish trend in favor of the bullish. Expect to accelerate the fall of the cryptocurrency LTC/USD is worth a breakdown level of 200.
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