Litecoin LTC/USD is trading at 187. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. A test of the Ichimoku Kinko Hyo signal line area near the 200 level is expected, from which we should expect a rebound and an attempt to continue the LTC/USD fall below 130.
Litecoin forecast & analysis LTC/USD on December 31, 2017
Earlier, a signal of medium strength was obtained for the 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 stands with a level breakdown of 170.
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