Litecoin LTC/USD is trading at 53.09 and continues to move within the framework of a bullish correction. 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 15, 2018, the Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 55.00, from which we should expect a rebound and an attempt to continue the decline of LTC/USD with a target below 47.50.
Litecoin forecast & analysis LTC/USD September 15, 2018
An additional signal in favor of the drop of the Litecoin cryptocurrency will be the resistance area test, as well as the upper bound of the «Triangle» model. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 51.50.
The abolition of the Litecoin crypto currency drop option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the level of 59.00, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect the acceleration of the drop in quotes LTC/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 50.00.
Litecoin forecast & analysis LTC/USD September 15, 2018 presupposes an attempt to correct the cryptocurrency and test at 55.00 level, from which it is expected to continue the decline of the Litecoin exchange rate with a potential target near the level of 47.50, the abolition of the decline option will show strong growth and breakdown of the area of 59.00, which will indicate on the continued growth of the cryptocurrency.
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