Litecoin LTC/USD is trading at 29.98 and continues to move in line with the decline. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates a downward trend.
As part of the Litecoin prediction & analysis LTC/USD December 5, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the 31.00 level. Where should we expect a rebound and an attempt to continue the fall of LTC/USD with the goal below the level of 22.00.
Litecoin prediction & analysis LTC/USD December 5, 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 lower boundary of the rising channel. Earlier, a weak signal was received for SELL the Litecoin cryptocurrencies. The signal was formed due to the intersection of signal lines at the level of 32.50.
Abolishing the cryptocurrency fall option Litecoin will break the upper boundary of the Ichimoku Kinko Hyo Cloud and close above 34.00. This option will indicate a change in the downward trend in favor of the upward trend and continued growth of cryptocurrency. Expect to accelerate the fall in LTC/USD quotes with the breakdown of the lower boundary of the ascending channel and closing below the level of 27.00.
Litecoin prediction & analysis LTC/USD December 5, 2018 imply an attempt to correct cryptocurrency and test levels of 31.00. Where can we expect the continuation of the fall of the Litecoin course with a potential target near the level of 22.00. Cancellation of the reduction option will be a strong growth and the breakdown of the area 34.00. What will indicate the continued growth of cryptocurrency.