Litecoin LTC/USD is trading at the level of 53.99. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. A test of the Ichimoku Kinko Hyo signaling area near level 54 is expected, from which one should expect a rebound and an attempt to drop LTC/USD for a level below 48.
Litecoin forecast & analysis LTC/USD on October 26, 2017
Earlier, a strong signal was received for the sell of Litecoin cryptocurrency, by crossing the signal lines at level 57. 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 59, 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 50.
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