Litecoin LTC/USD is trading at the level of 75.39. 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 78.00, from which one should expect a rebound and an attempt to continue the decline of LTC/USD with a target below 68.00
Litecoin forecast & analysis LTC/USD July 11, 2018
An additional signal in favor of the fall of the Litecoin cryptocurrency will be a resistance level test, as well as a test of the lower boundary of the channel. Earlier, a medium strength signal was received for sell of Litecoin cryptocurrency, by crossing the signal lines at 83.00.
Cancellation of the Litecoin cryptocurrency drop option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the 85.00 area, 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 closing below the level of 72.00.
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