Litecoin forecast & analysis LTC/USD on October 27, 2017


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Litecoin LTC/USD is trading at 55. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 56 is expected to be tested near the level 56, from which one should expect a rebound and an attempt to drop LTC/USD for a level below 49.

Litecoin forecast & analysis LTC/USD on October 27, 2017

Litecoin forecast & analysis LTC/USD on October 27, 2017

Earlier, a strong signal was received for sell of Litecoin cryptocurrency, by crossing the signal lines at level 55. 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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