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. A test of the lower boundary of the indicator cloud is expected near the level 54, from which it is expected to rebound and continue falling LTC/USD with a target below level 30. 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 20, 2017
Earlier, a weak signal was received 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 quotes above area 58, 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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