Litecoin LTC/USD is trading at the level of 200. 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 we should expect a rebound and an attempt to continue falling LTC/USD with the goal below the level of 145. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Litecoin forecast & analysis LTC/USD on February 24, 2018
Earlier, we received a weak signal 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.
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