Litecoin LTC/USD is trading at the level of 57.98. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The lower limit of Ichimoku Kinko Hyo is expected near the level of 59, from which one should expect a rebound and an attempt to drop LTC/USD with a target below the level of 52.
Litecoin forecast & analysis LTC/USD on October 25, 2017
Earlier, a strong signal was received for sell of Litecoin cryptocurrency, by crossing the signal lines at level 57. By abolishing the Litecoin fall variant breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 61.50, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is with the breakdown of the level of 51.