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 boundary of the Cloud of the indicator near level 54, from which it is expected to rebound and continue the decline of LTC/USD with a target below level 40.
Litecoin prediction & analysis LTC/USD on September 21, 2017
An additional signal in favor of the fall of the cryptocurrency will be 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 quotations above the area of 60, 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.