Litecoin LTC/USD is trading at the level of 105. The cryptocurrency is traded below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Litecoin. The test area of the Ichimoku Kinko Hyo signal lines near level 110 is expected, from which one should expect a rebound and an attempt to drop LTC/USD with a target below level 95.
Litecoin forecast & analysis LTC/USD June 11, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, we received a weak signal for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 121.
Cancellation of the Litecoin cryptocurrency drop option will be a breakdown of the upper Ichimoku Kinko Hyo Cloud and a close above 125, indicating a bearish trend in favor of the bullish trend and the continued growth of the crypto currency. Expect the acceleration of the drop in quotes LTC/USD is with the breakdown of the support area and closing below the level of 105.
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