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 it is expected to rebound and attempt to drop LTC/USD with a target below the level of 90.
Litecoin forecast & analysis LTC/USD June 12, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. Earlier, we received a weak signal for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 121.
The abolition of the Litecoin cryptocurrency fall will be the breakdown of the upper Ichimoku Kinko Hyo Cloud and the closing above the 120 area, which indicates 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 stands with the breakdown of the support area and closing below the level of 100.
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