Litecoin LTC/USD is trading at 49.58 and continues to move in the fall. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend. As part of the Litecoin prediction & analysis LTC/USD November 12, 2018, a test of the area of the Ichimoku Kinko Hyo signal lines is expected near the 51.00 level. Where should we expect a rebound and an attempt to continue the fall of LTC/USD with a target below the level of 46.00.
Litecoin prediction & analysis LTC/USD November 12, 2018
An additional signal in favor of reducing the cryptocurrency Litecoin will be the test of the resistance area. As well as a rebound from the upper boundary of the descending channel. Previously, a weak signal was received for sell of Litecoin cryptocurrencies, due to the intersection of signal lines at the level of 54.50.
Cancellation of the option to reduce the Litecoin cryptocurrency will be a strong growth and the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and closing above the 54.00 level. This option will indicate a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. LTC/USD quotes are expected to accelerate with the breakdown of the support area and closing below 48.00.
Litecoin prediction & analysis LTC/USD November 12, 2018 suggests an attempt to correct cryptocurrency and test level 51.00. Where can we expect to continue the decline of Litecoin with a potential target near the level of 46.00. Cancellation of the fall option will be a strong growth and a breakdown of the 54.00 area. What will indicate the continued growth of cryptocurrency.
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