Litecoin LTC/USD is trading at 194. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo signal line area test near level 205 is expected, from which we should expect a rebound and an attempt to continue falling of LTC/USD with a target below the level of 130.
Litecoin forecast & analysis LTC/USD on January 1, 2018
An additional signal in favor of the drop of the cryptocurrency will be a resistance level test. Earlier, a medium strength signal was received for sell of Litecoin cryptocurrency, due to crossing of signal lines at level 245. The abolition of the Litecoin fall option will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 240, which indicates a change in the bearish trend in favor of the bullish. Expect to accelerate the fall of the cryptocurrency LTC/USD stands with a level breakdown of 170.
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