Litecoin LTC/USD is trading at 55. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the 55.50 level is expected to be tested near the level of 55.50, from which one should expect a rebound and an attempt to continue falling LTC/USD for a level below 50.
Litecoin forecast & analysis LTC/USD on November 5, 2017
Earlier, a weak signal was received for buy of Litecoin cryptocurrency due to crossing of signal lines at level 53. Canceling option the fall of Litecoin will become a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 57, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is worth a breakdown of the level of 52.
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