Litecoin LTC/USD is trading at level 51. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to be tested near level 52, from which it is expected to rebound and attempt to drop LTC/USD with a target below the level of 50.
Litecoin forecast & analysis LTC/USD on October 10, 2017
Earlier, a weak signal was received for buy of Litecoin cryptocurrency due to crossing of signal lines at level 51. Canceling the fall variant Litecoin will become a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 53, 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 50.
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