Litecoin LTC/USD is trading at level 52. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Expected to test the upper bound of the Cloud of the indicator near level 52, from which it is expected to rebound and continue falling of LTC/USD for a level below 35.
Litecoin forecast & analysis LTC/USD on September 22, 2017
An additional signal in favor of the fall of the cryptocurrency is the breakdown of the lower boundary of the «Triangle» model. 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 57, indicating a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is a breakdown level of 45.