Litecoin LTC/USD is trading at 147. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend for Litecoin. Ichimoku Kinko Hyo Cloud near the 165 level is expected to be tested near the level of 165, from which one should expect a rebound and an attempt to continue falling of LTC/USD for a level below 115. An additional signal in favor of the fall of the cryptocurrency will be the test of the lower bound of the «Triangle» model.
Litecoin forecast & analysis LTC/USD on February 1, 2018
Earlier, we received a weak signal for sell of Litecoin cryptocurrency, due to the intersection of signal lines at level 167. The abolition of the Litecoin fall scenario will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 190, which indicates a change in the bearish trend in favor of the bullish. Expect to accelerate the drop in quotes LTC/USD is worth a breakdown of the support level and closing below 125.
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