Litecoin LTC/USD is trading at the level of 59.10. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The test area of Ichimoku Kinko Hyo signal lines is expected near the level of 62.00, from which one should expect a rebound and an attempt to continue falling LTC/USD with a target below the level of 45.00.
Litecoin forecast & analysis LTC/USD August 13, 2018
An additional signal in favor of lowering the Litecoin cryptocurrency will be a test of the upper limit of the bearish channel, as well as a rebound from the resistance level. Earlier, a weak signal was received for sell of Litecoin cryptocurrency, due to crossing of signal lines at the level of 83.50.
Cancellation of the Litecoin cryptocurrency drop option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a closing above the level of 69.00, 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 LTC/USD quotes with the breakdown of the support area and the closing below 53.00.
Litecoin forecast & analysis LTC/USD August 13, 2018 suggests an attempt to develop a correction of the cryptocurrency and test level 62.00, from which it is expected to continue the fall of the Litecoin exchange rate with a potential target near the level of 45.00, the abolition of the decline option will perform a strong growth and breakdown of the area at 69.00.
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