Litecoin LTC/USD is trading at 73.13. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The test area of Ichimoku Kinko Hyo signal lines near the level of 77.50 is expected, from which we should expect a rebound and an attempt to drop LTC/USD with a target below 58.00
Litecoin forecast & analysis LTC/USD June 30, 2018
An additional signal in favor of the fall of the cryptocurrency is the resistance level test, as well as the lower bound 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 cryptocurrency 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 LTC/USD quotes with the breakdown of the support area and the closing below the level of 70.00.
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