Litecoin LTC/USD is trading at 28.95 and continues to move in line with the decline. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud.
This indicates the presence of a downward trend. As part of the Litecoin prediction & analysis LTC/USD November 28, 2018, a test of the area of the Ichimoku Kinko Hyo signal lines is expected near the level of 30.00. Where should we expect a rebound and an attempt to continue the fall of LTC/USD with the goal below the level of 20.00.
Litecoin prediction & analysis LTC/USD November 28, 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 boundary of the descending channel. 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 54.00.
Cancellation of the option to reduce the Litecoin cryptocurrency will be a strong growth and breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and closing above the level of 35.00. 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 24.00.
Litecoin prediction & analysis LTC/USD November 28, 2018 suggests an attempt to correct cryptocurrency and test level of 30.00. Where can we expect to continue the decline of Litecoin with a potential target near the level of 20.00. Cancellation of the fall option will be a strong growth and a breakdown of the area of 35.00. What will indicate the continued growth of cryptocurrency.