Litecoin LTC/USD is trading at 136. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend for Litecoin. Ichimoku Kinko Hyo signal line area test is near the level 165, from which we should expect a rebound and an attempt to continue the LTC/USD fall with a target below the level of 100. An additional signal for the fall of the cryptocurrency will come from the lower bound of the «Triangle» model.
Litecoin forecast & analysis LTC/USD on February 2, 2018
Earlier, we received a weak signal for sell of Litecoin cryptocurrency, due to the crossing 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 trend. Expect to accelerate the drop in quotes LTC/USD is worth a breakdown of the support level and closing below 115.
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