Litecoin LTC/USD is trading at 53. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. A test of the lower limit of the Cloud of the indicator near level 55 is expected, from which it is expected to rebound and continue the decline of LTC/USD with a target below the level of 35.
Litecoin prediction & analysis LTC/USD on September 19, 2017
An additional signal in favor of the drop of the cryptocurrency will be a resistance level test. 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 a breakdown level of 45.
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