Litecoin LTC/USD is trading at the level of 54. Cryptocurrency is traded below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 55 is expected to be tested near the level of 55, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below the level of 50.
Litecoin forecast & analysis LTC/USD on November 2, 2017
Earlier, the signal of medium strength signal for sell of Litecoin cryptocurrency was received, due to crossing of signal lines at level 55. The abolition of the Litecoin fall will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 58, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is with a level breakdown of 53.
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