Litecoin LTC/USD is trading at 52.28 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 9, 2018, the Ichimoku Kinko Hyo signal line area is expected to be near the 54.00 level, from which we expect a rebound and an attempt to continue the decline of LTC/USD with a target below 46.00.
Litecoin forecast & analysis LTC/USD September 9, 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 option will be the breakdown of the upper Ichimoku Kinko Hyo Cloud and the closing above the level of 61.50, 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 9, 2018 suggests an attempt at correction of the cryptocurrency and test level 54.00, from which it is expected to continue the fall of the Litecoin exchange rate with a potential target near the level of 46.00, the abolition of the decline option will perform a strong growth and breakdown of the 61.50 area, which will indicate on the continued growth of the cryptocurrency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
