Litecoin LTC/USD is trading at 29.24 and continues to move in the framework of 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 29, 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 16.00.
Litecoin prediction & analysis LTC/USD November 29, 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 26.00.
Litecoin prediction & analysis LTC/USD November 29, 2018 implies 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 16.00. 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.