Litecoin LTC/USD is trading at 77.55. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the 83.00 level, from which one should expect a rebound and an attempt to drop LTC/USD with a target below 60.00.
Litecoin forecast & analysis LTC/USD June 28, 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 strong signal was received for the sell of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 80.00.
The abolition of the Litecoin cryptocurrency drop option will be the breakdown of the upper Ichimoku Kinko Hyo Cloud and the closing above the 90.00 area, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the crypto currency. Expect the acceleration of the drop in LTC/USD quotes with a breakdown of the lower bound of the «Triangle» model and a close below 71.00.
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