Litecoin LTC/USD is trading at 78.33 and continues to move as part of the reduction and formation of the «Triangle» model. LTC/USD quotes move below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bearish trend. As part of the Litecoin course forecast for April 19, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the 79.00 level. Where should we expect a rebound and an attempt to continue the fall of LTC/USD with a target below 65.15.
Litecoin Forecast and Analysis LTC/USD April 19, 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 upper limit of the model «Triangle». Previously, a strong signal was received for SELl the Litecoin. The signal was formed due to the intersection of signal lines at the level of 77.85. The nearest resistance area is at 83.05. The LTC/USD support area is located at 73.75.
Abolishing the cryptocurrency fall option Litecoin will break the upper boundary of the Ichimoku Kinko Hyo Cloud and close above 88.85. 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 72.85.
Litecoin Forecast and Analysis LTC/USD April 19, 2019 involves an attempt to correct cryptocurrency and a test level of 79.00. Where can we expect the continuation of the fall of the Litecoin course with a potential target near the 65.15 level. Cancellation of the fall option will be a strong growth and the breakdown of the 88.85 area. That will indicate the continuation of the rise of cryptocurrency with a potential target at the level of 95.65.