Litecoin LTC/USD is trading at 52. The currency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in Litecoin. It is expected to test the area of the signal lines of the indicator near the level of 57, from which it is expected to rebound and continue falling of LTC/USD with a target below level 40.
Litecoin forecast & analysis LTC/USD on September 15, 2017
An additional signal in favor of the drop of the cryptocurrency will be a resistance level test. Earlier, a medium strength signal was obtained for sales of Litecoin cryptocurrency, by crossing the signal lines at level 74. Canceling 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 72, 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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