Litecoin LTC/USD is trading at level 51. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Litecoin. Ichimoku Kinko Hyo indicator area signal lines are expected near the level 53, from which one should expect a rebound and an attempt to continue falling LTC/USD for a level below 42.
Litecoin forecast & analysis LTC/USD on November 3, 2017
Earlier, a signal of medium strength signal was received for sell of Litecoin cryptocurrency, due to crossing of signal lines at level 55 The cancellation of the Litecoin fall will be a 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 48.
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