Litecoin LTC/USD is trading at 52. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The test of the lower limit of the Cloud of the indicator near the level 62 is expected, from which one should expect a rebound and continue falling of LTC/USD with a target below the level of 35.
Litecoin prediction & analysis LTC/USD on September 17, 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 the 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 68, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is with a level breakdown of 48.
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