Litecoin LTC/USD is trading at 184. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The Ichimoku Kinko Hyo Cloud lower limit test is expected near level 190, from which one should expect a rebound and an attempt to continue falling of LTC/USD for a level below 140.
Litecoin forecast & analysis LTC/USD on January 21, 2018
An additional signal in favor of the drop will be a resistance level test. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to crossing of signal lines at level 165. Cancellation of the Litecoin fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 225, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in quotations LTC/USD stands with a breakdown of level 155.
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