Litecoin LTC/USD is trading at 77.13 and continues to move as part of the decline and the beginning of the development of the «Triangle» model. LTC/USD quotes move below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates a downward trend. As part of the Litecoin course forecast for April 13, 2019. A test of the area of Ichimoku Kinko Hyo signal lines is expected near the level of 82.35. Where should we expect a rebound and an attempt to continue the fall of LTC/USD with a target below the level of 63.50.
Litecoin Forecast and Analysis LTC/USD April 13, 2019
An additional signal in favor of the fall of cryptocurrency Litecoin will be the test of the resistance area. As well as a rebound from the lower boundary of the model «Triangle». Were previously received a weak signal for SELL the Litecoin cryptocurrency. The signal was formed due to the intersection of the signal lines at the level of 92.75. The nearest resistance area is at 83.55. The LTC/USD support area is located at 70.65.
Abolishing the cryptocurrency fall option, Litecoin will break the upper boundary of the Ichimoku Kinko Hyo Cloud and close above 92.55. This option will indicate a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. LTC/USD quotes are expected to accelerate with the breakdown of the support area and closing below 70.55.
Litecoin Forecast and Analysis LTC/USD April 13, 2019 imply an attempt to correct cryptocurrency and test the level of 82.35. Where can we expect the continuation of the fall of the Litecoin course with a potential target near the level of 63.50. The cancellation of the fall option will be a strong growth and a breakdown of the 92.55 area. That will indicate a continuation of the rise of cryptocurrencies with a potential goal at the level of 103.55.