Litecoin LTC/USD is trading at 77.82. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The Ichimoku Kinko Hyo cloud low limit test is expected near the level of 80.00, from which one should expect a rebound and an attempt to drop LTC/USD with a target below 55.00
Litecoin forecast & analysis LTC/USD June 29, 2018
An additional signal in favor of the fall of the crypto currency 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.
Cancellation of the Litecoin crypto currency drop option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the 85.00 area, which will indicate 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 lower limit of the model «Triangle» and the closing below the level of 72.00.
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