Litecoin LTC/USD is trading at the level of 247. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 250 is expected to be tested near the 250 level, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below the level of 170.
Litecoin forecast & analysis LTC/USD on December 27, 2017
Earlier, a weak signal was received for buy of Litecoin cryptocurrency due to the crossing of signal lines at 240 level. the fall of Litecoin will become a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above area 270, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the LTC/USD cryptocurrency with a breakdown of the support level and a close below level 210.
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