Litecoin LTC/USD is trading at the level of 57. Cryptocurrency is trading below the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 58 is expected to be tested near the level of 58, from which one should expect a rebound and an attempt to drop LTC/USD with a target below the level of 50.
Litecoin forecast & analysis LTC/USD on October 22, 2017
Earlier, a weak signal was received for buy of Litecoin cryptocurrency due to the crossing of signal lines at level 59. By abolishing the fall variant Litecoin will become a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 61, 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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