Litecoin LTC/USD completes trading week near area 97. The cryptocurrency is trading below the lower Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Litecoin. The test area of the Ichimoku Kinko Hyo signal lines near level 110 is expected, from which it is expected to rebound and attempt to continue falling LTC/USD with a target below level 60.
Litecoin (LTC/USD) forecast June 18 — 22, 2018
An additional signal in favor of the fall of the cryptocurrency is the resistance level test, as well as the lower bound of the «Triangle» model. Earlier, a medium strength signal was obtained for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 155.
Cancellation of the Litecoin fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 150, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is with the breakdown of the support area and closing below 75.
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