Litecoin LTC/USD is trading at 75.12 and continues to move as part of the correction and the downward channel. 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 22, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the 78.25 level. Where should we expect a rebound and an attempt to continue the fall of LTC/USD with a target below the level of 60.05.
Litecoin Forecast and Analysis LTC/USD April 22, 2019
An additional signal in favor of the fall of cryptocurrency Litecoin will be the test of the resistance area. The second signal will be a rebound from the lower boundary of the model «Triangle». Earlier, a medium strength signal was received for SELL the Litecoin cryptocurrency. The signal was formed due to the intersection of signal lines at 78.65. The nearest resistance area is at 82.55. The LTC/USD support area is at 66.05.
Abolishing the cryptocurrency fall option, Litecoin will break the upper boundary of the Ichimoku Kinko Hyo Cloud and close above 84.75. 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 lower boundary of the Triangle model of the support area and closing below 70.05.
Litecoin Forecast and Analysis LTC/USD April 22, 2019 imply an attempt to correct cryptocurrency and a test level of 78.25. Where can we expect to continue the fall of the course Litecoin with a potential goal near the level of 60.05. Cancellation of the reduction option will be a strong growth and the breakdown of the area of 84.75. That will indicate the continuation of the rise of cryptocurrencies with a potential goal at the level of 89.95.