Litecoin LTC/USD is trading at level 47. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. A test of the lower boundary of the Cloud of the indicator near the level of 50 is expected, from which it is expected to rebound and continue the decline of LTC/USD with a target below level 35.
Litecoin forecast & analysis LTC/USD on September 23, 2017
Earlier, a medium strength signal was obtained for sales of Litecoin cryptocurrency, by crossing signal lines at level 52. By cancellation the Litecoin fall variant there will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 55, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is a breakdown level of 45.