Litecoin LTC/USD is trading at the level of 57. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Litecoin. A test of the Ichimoku Kinko Hyo signal line area near level 56 is expected, from which we should expect a rebound and an attempt to continue the growth of LTC/USD for a level above 62.
Litecoin forecast & analysis LTC/USD on November 8, 2017
Earlier, a weak signal was received for buy of Litecoin cryptocurrency due to the crossing of signal lines at level 53. Canceling option the growth of Litecoin will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below area 51, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is worth a breakdown of the level of 59.
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