Litecoin LTC/USD is trading at 188. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend in Litecoin. Ichimoku Kinko Hyo signal line area test is near the 205 level, from which we expect a rebound and an attempt to continue the LTC/USD fall below 140. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test, as well as a test of the lower boundary of the bullish channel.
Litecoin forecast & analysis LTC/USD on February 25, 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. Expect the acceleration of the drop in LTC/USD quotations with the breakdown of the lower boundary of the indicator Cloud and the closing below the level of 165.
