Litecoin LTC/USD is trading at level 50. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo indicator cloud is expected from near level 52, from which it is expected to continue falling of LTC/USD with a target below the level of 45.
Litecoin forecast & analysis LTC/USD on October 6, 2017
Earlier, a signal of medium strength was obtained for sell of Litecoin cryptocurrency, due to crossing of signal lines at level 52. Withdrawal the Litecoin fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 55, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is a breakdown level of 45.
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