Litecoin LTC/USD is trading at level 112. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the level 120, from which it is expected to rebound and try to continue falling LTC/USD with a goal below the level of 95.
Litecoin forecast & analysis LTC/USD April 11, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as the formation of the «Triangle» model. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 119.
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 130, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in quotes LTC/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 110.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
