Litecoin LTC/USD is trading at 80.55. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo signal line area test is near the level of 87, from which one should expect a rebound and an attempt to drop LTC/USD with a target below the level of 60.
Litecoin forecast & analysis LTC/USD June 26, 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, 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 cryptocurrency drop option will be a breakdown of the upper Ichimoku Kinko Hyo Cloud and a close above area 95, indicating a bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect the acceleration of the drop in quotations LTC/USD is with the breakdown of the support area and closing below the level of 80.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
