Litecoin LTC/USD is trading at 41.67 and continues to move as part of the decline. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud.
This indicates the presence of a bearish trend. As part of the Litecoin prediction & analysis LTC/USD November 19, 2018, a test of the area of the Ichimoku Kinko Hyo signal lines near the level of 42.00 is expected. Where should we expect a rebound and an attempt to continue the fall of LTC/USD with a target below the level of 34.00.
Litecoin prediction & analysis LTC/USD November 19, 2018
An additional signal in favor of reducing the 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 weak signal was received for sales of Litecoin cryptocurrencies, due to the intersection of signal lines at the level of 54.50.
The abolition of the Litecoin cryptocurrency decline option will be strong growth and the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure above 47.50. 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 border of the «Triangle» model and closing below 40.00.
Litecoin prediction & analysis LTC/USD November 19, 2018 implies an attempt to correct cryptocurrency and test level 42.00. Where can we expect to continue to reduce the rate of Litecoin with a potential target near the level of 34.00. Cancellation of the fall option will be a strong growth and a breakdown of the 47.50 area. What will indicate the continued growth of cryptocurrency.