Litecoin LTC/USD is trading at level 49. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. It is expected to test the area of signal lines of the indicator near level 54, from which it is expected to rebound and continue falling of LTC/USD for a level below 32. An additional signal in favor of the drop of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel.
Litecoin prediction & analysis LTC/USD on September 18, 2017
Earlier, we received a weak signal for buying of Litecoin cryptocurrency due to the crossing of signal lines at level 50. 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 quotations above the area of 60, indicating a bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is worth a level breakdown of 46.
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