Litecoin LTC/USD is trading at the level of 54. Cryptocurrency is traded below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the level 55, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below the level of 50.
Litecoin forecast & analysis LTC/USD on November 6, 2017
An additional signal in favor of the fall will be the test of the upper boundary of the bearish channel. Earlier, a weak signal was received for buy of Litecoin cryptocurrency due to crossing of signal lines at level 53. The cancellation of the Litecoin fall variant will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 57, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is worth a breakdown of the level of 52.
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