Litecoin LTC/USD is trading at 77.35 and continues to move as part of the correction and the bearish channel. LTC/USD quotes move below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates a bearish trend. As part of the Litecoin course forecast for April 25, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 79.30. Where can we expect a rebound and an attempt to continue the fall of LTC/USD with a target below 65.45.
Litecoin Forecast and Analysis LTC/USD April 25, 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 upper boundary of the downward channel. 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 72.45.
Abolishing the cryptocurrency fall option Litecoin will break the upper boundary of the Ichimoku Kinko Hyo Cloud and close above 83.55. 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 71.55.
Litecoin Forecast and Analysis LTC/USD April 25, 2019 imply an attempt to correct cryptocurrency and a test level of 79.30. Where can we expect the continuation of the fall of the Litecoin course with a potential target near the level of 65.45. Cancellation option reduction will make a strong growth and the breakdown of the area of 83.55. That will indicate a continuation of the rise of cryptocurrencies with a potential goal at the level of 89.85.