Litecoin LTC/USD is trading at 181. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Ichimoku Kinko Hyo signal line area test near the 200 level is expected, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below the level of 125. An additional signal in favor of the drop of the cryptocurrency will be a test of the resistance level, as well as a test of the lower boundary of the bullish channel.
Litecoin forecast & analysis LTC/USD on February 23, 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 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 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.
