Litecoin LTC/USD is trading at level 51. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. The breakdown of the lower boundary of the Ichimoku Kinko Hyo indicator cloud is expected with a close below 49, from which it is expected to continue falling LTC/USD with a target below level 40.
Litecoin prediction & analysis LTC/USD on October 5, 2017
An additional signal in favor of continuing the decline will be a breakdown of the support level. Earlier, a strong strength signal was obtained for buy Litecoin cryptocurrency, by crossing the signal lines at level 50. Canceling the Litecoin fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 55, 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.