Litecoin LTC/USD is trading at the level of 76.97. 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 near the level of 77.50 is expected, from which one should expect a rebound and an attempt to continue the decline of LTC/USD with a target below 65.50
Litecoin forecast & analysis LTC/USD July 14, 2018
An additional signal in favor of the fall of the Litecoin cryptocurrency will be a test of the resistance level, as well as a test of the upper limit of the «Triangle» model. 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 83.00 area, which will indicate a change in the downward trend in favor of the upward trend and the continued growth of the crypto currency. Expect the acceleration of the drop in LTC/USD quotes with a breakdown of the lower bound of the «Triangle» model and a close below 71.00.
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