Litecoin LTC/USD is trading at 54.99 and continues to move within the limits of the decline. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. As part of the Litecoin forecast & analysis LTC/USD September 10, 2018, the Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 55.50, from which we should expect a rebound and an attempt to continue the decline of LTC/USD with a target below 48.00.
Litecoin forecast & analysis LTC/USD September 10, 2018
An additional signal in favor of the fall of the Litecoin cryptocurrency will be a test of the resistance area, as well as a rebound from the upper boundary of the bearish channel. Earlier, we received a weak signal for sell of Litecoin cryptocurrency, due to crossing of signal lines at the level of 59.00.
The abolition of the Litecoin cryptocurrency fall will be the breakdown of the upper Ichimoku Kinko Hyo Cloud and the closing above the level of 58.00, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. To expect confirmation of the drop in LTC/USD quotes is with the breakdown of the support area and the closing below the level of 49.00.
Litecoin forecast & analysis LTC/USD September 10, 2018 suggests an attempt to correct the cryptocurrency and test level of 55.50, from which it is expected to continue the fall of the Litecoin exchange rate with a potential target near the level of 48.00, the abolition of the decline option will make a strong growth and breakout of the region of 61.50, which will indicate on the continued growth of the cryptocurrency.
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