Litecoin LTC/USD is trading at the level of 192. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Ichimoku Kinko Hyo Cloud near the level 210 is expected to be tested near the level, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below the level of 175. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Litecoin forecast & analysis LTC/USD on February 22, 2018
Earlier, a weak signal was received for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 217. Cancellation of the Litecoin fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 215, indicating a change in the flat trend in favor of the bullish trend. To expect the acceleration of the drop in quotes LTC/USD stands with the breakdown of the lower boundary of the Indicator Cloud and the closing below the level of 160.
