Litecoin forecast and analyst LTC/USD on 22 Aug 2018

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Litecoin forecast and analyst LTC/USD on 22 Aug 2018

Cryptocurrency Litecoin LTC/USD is trading at 54.58. Cryptocurrency trading below the lower border of the Ichimoku Kinko Hyo Cloud, indicating a downward trend for Litecoin. Under the forecast of the digital currency is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 56.00, where we can expect rebound and attempt to continue falling LTC/USD with a target below the level of 45.00.

Litecoin forecast and analyst LTC/USD on 22 Aug 2018

Additional signal in favor of the fall of Litecoin will perform a test of the resistance level and test the upper boundary of the descending channel. Was previously received signal average strength for sales of Litecoin, due to the intersection of the signal lines at level of 57.00.

The cancellation option drop Litecoin will be a break of the upper border of the Ichimoku Kinko Hyo Cloud and closing above the level 60.00, which will point to a change in the downward trend in favor of a rising trend and continued growth of the cryptocurrency. To expect accelerating declines in LTC/USD is a breakout of the support area and closing below the level of 51.50.

Thus, the Litecoin forecast and analyst LTC/USD on 22 August 2018 involves the attempt to develop correction cryptocurrency and test the level of 56.00, where is expected to continue to reduce the rate Litecoin with a potential target near the level of 45.00, lifting the drop option will deliver strong growth and the breakdown region 60.00.

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