Litecoin LTC/USD is trading at level 56. Cryptocurrency is trading below the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 58 is expected to be tested near the level 58, from which we expect a rebound and an attempt to drop LTC/USD for a level below 48.
Litecoin forecast & analysis LTC/USD on October 23, 2017
Earlier we received a weak signal for buy of Litecoin cryptocurrency due to crossing of the 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 worth a breakdown of level 54.
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