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.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
