Litecoin LTC/USD is trading at 96.04. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. The Ichimoku Kinko Hyo Cloud is expected to test near the 100 level, 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 22, 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 limit of the «Triangle» model. Earlier, a medium strength signal was obtained for the sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 97.
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 and the continued growth of the cryptocurrency. Expect the acceleration of the drop in quotes LTC/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 90.
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