Litecoin forecast and analyst LTC/USD on September 9, 2018

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Litecoin forecast and analyst LTC/USD on September 9, 2018

Cryptocurrency Litecoin LTC/USD is trading at 52.28 and continues to diminish. 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 on 9 September 2018, is expected to test region signal lines Ichimoku Kinko Hyo near the level of 54.00, where we can expect rebound and attempt a further decline LTC/USD with a target below the level of 46.00.

Litecoin forecast and analyst LTC/USD on September 9, 2018

Additional signal in favor of fall cryptocurrency Litecoin will perform the test of resistance and rebounded from the upper border of the descending channel. Earlier it was obtained a weak signal for selling Litecoin through the intersection of the signal lines at the level of 59.00.

The cancellation option drop Litecoin will be a break of the upper border of the Ichimoku Kinko Hyo Cloud and close above 61.50, which will point to a change in the downward trend in favor of a rising trend and continued growth of the cryptocurrency. Expect confirmation of the drop in prices of LTC/USD is a breakout of the support area and closing below the level of 49.00.

Thus, the Litecoin forecast and analyst LTC/USD on September 9, 2018 implies an attempt cryptocurrency correction and test the level of 54.00, where we can expect further rate fall of Litecoin with a potential target near the level of 46.00, cancellation of risk will deliver strong growth and the breakdown region 61.50, which indicates continued growth of the cryptocurrency.

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