Litecoin LTC/USD is trading at 63.05. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The Ichimoku Kinko Hyo signal line area test is expected near the level of 65.00, from which one should expect a rebound and an attempt to continue falling LTC/USD with a target below 53.20.
Litecoin forecast & analysis LTC/USD August 10, 2018
An additional signal in favor of lowering the Litecoin cryptocurrency will be the test of the upper boundary of the bearish channel. Earlier, a weak signal was received for sell of Litecoin cryptocurrency, due to crossing of signal lines at the level of 83.50.
The abolition of the Litecoin cryptocurrency fall will be the breakdown of the upper Ichimoku Kinko Hyo Cloud and the closing above the level of 73.50, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect the acceleration of the drop in quotes LTC/USD is with the breakdown of the support area and the closure below the level of 58.00.
Litecoin forecast & analysis LTC/USD August 10, 2018 suggests an attempt to develop a correction of the cryptocurrency and test level of 65.00, where we can expect the continuation of the fall of the Litecoin exchange rate with a potential near the level of 53.20, the abolition of the decline option will make a strong growth and breakdown of the region 73.50.
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