Litecoin LTC/USD is trading at the level of 55. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Ichimoku Kinko Hyo Cloud near the 54 level is expected to be tested near the level 54, from which one should expect a rebound and an attempt to grow LTC/USD with a target above the level of 60.
Litecoin forecast & analysis LTC/USD on November 1, 2017
Earlier, a weak signal was obtained for buy of Litecoin cryptocurrency due to the crossing of signal lines at level 55. Canceling the growth variant Litecoin will become a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 53, which indicates a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is worth a breakdown of level 58.