Litecoin forecast and analyst LTC/USD on 21 Aug 2018

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Litecoin forecast and analyst LTC/USD on 21 Aug 2018

Cryptocurrency Litecoin LTC/USD is trading at 56.75. The cryptocurrency is trading inside the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a lateral trend for Litecoin. Under the forecast of the digital currency is expected to test the upper border of the Ichimoku Kinko Hyo Cloud near the level of 57.50, 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 21 Aug 2018

Additional signal in favor of the fall of Litecoin will perform a test of the resistance level and the formation of reversal pattern “Head and shoulders”. 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 close above 62.00, which indicates the change of lateral tendency in favor of a rising trend and continued growth of the cryptocurrency. Wait for confirmation of reduction of quotations LTC/USD is a breakout of the lower border of the Ichimoku Kinko Hyo Cloud and closing above the level of 52.00.

Thus, the Litecoin forecast and analyst LTC/USD for August 21, 2018 involves the attempt to develop correction cryptocurrency and test the level of 57.50, 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 62.00.

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