Litecoin LTC/USD is trading at the level of 76.08. 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 we should expect a rebound and an attempt to continue the decline of LTC/USD with a target below 66.00.
Litecoin forecast & analysis LTC/USD July 15, 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.
The abolition of the Litecoin cryptocurrency drop option will be the breakdown of the upper Ichimoku Kinko Hyo Cloud and the closing above the 82.00 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 LTC/USD quotations with the breakdown of the lower bound of the «Triangle» model and the closing below the level of 71.50.
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