Litecoin LTC/USD is trading at the level of 92. 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 Ichimoku Kinko Hyo signal lines near the level 98 is expected, from which one should expect a rebound and an attempt to drop LTC/USD with a target below the level of 80.
Litecoin forecast & analysis LTC/USD June 14, 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 crypto currency fall will be a breakdown of the upper Ichimoku Kinko Hyo Cloud and a close above 105, indicating a bearish trend in favor of a bullish trend and the continued growth of the cryptocurrency. Expect the acceleration of the drop in LTC/USD quotations with the breakdown of the support area and the closing below the level of 88.
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