Litecoin LTC/USD is trading at 223. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to be tested near the level 245, from which we expect a rebound and an attempt to continue the decline of LTC/USD with a target below the level of 155. Earlier we received a weak signal for sell of Litecoin cryptocurrency, due to crossing of signal lines at 310 level.
Litecoin forecast & analysis LTC/USD on December 23, 2017
The fall of Litecoin will become a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 305, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the crypto currency LTC/USD is worth a breakdown of the level of 200.
However, we should not exclude the formation of a bullish model of the «Wolfe Wave» in order to work at 380. Expect the beginning of the growth of quotations of cryptocurrency in the framework of the bullish model is at breakdown level 260.
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