Litecoin LTC/USD is trading at the level of 54. Cryptocurrency is traded below the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Litecoin. Ichimoku Kinko Hyo signal line area test is near the level 56, from which it is expected to rebound and try to drop LTC/USD for a level below 48.
Litecoin forecast & analysis LTC/USD on October 24, 2017
Earlier, a weak signal was received for buy of Litecoin cryptocurrency, by crossing signal lines at level 59. By abolishing the fall variant Litecoin will be 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 the level of 52.
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