Litecoin LTC/USD is trading at level 49. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo signal line area test is near the level of 50, from which one should expect a rebound and an attempt to drop LTC/USD with a target below the level of 45.
Litecoin forecast & analysis LTC/USD on October 12, 2017
Earlier, a strong signal was received for sell of Litecoin cryptocurrency, by crossing signal lines at level 51. By abolishing the fall variant Litecoin will become a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 53, 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.