Litecoin LTC/USD is trading at the level of 57.19 and continues to move within the framework of the bullish correction. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. As part of the Litecoin forecast & analysis LTC/USD September 16, 2018, the Ichimoku Kinko Hyo Cloud upper boundary test is expected near the level of 58.50, from which we should expect a rebound and an attempt to continue the decline of LTC/USD with a target below 51.00.
Litecoin forecast & analysis LTC/USD September 16, 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, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 51.50.
Cancellation of the Litecoin cryptocurrency drop option will be a breakdown of the upper Ichimoku Kinko Hyo Cloud and a closing above the level of 59.50, indicating a change in the flat trend in favor of the bullish trend and the continued growth of the crypto currency. Expect the acceleration of the drop in quotes LTC/USD stands with the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below the level of 49.00.
Litecoin forecast & analysis LTC/USD September 16, 2018 presupposes an attempt to correct the crypto currency and test level of 58.50, from which it is expected to continue the fall of the Litecoin exchange rate with a potential target near the level of 51.00, the abolition of the decline option will make a strong growth and breakdown of the region of 59.50, which will indicate on the continued growth of the cryptocurrency.
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