Litecoin LTC/USD is traded at the level of 203. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near level 210, from which it is expected to rebound and attempt to continue falling LTC/USD for a level below 170. An additional signal in favor of the drop of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Litecoin forecast & analysis LTC/USD on February 28, 2018
Earlier, a medium strength signal was obtained for buy of Litecoin cryptocurrency, due to the intersection of signal lines at level 190. Cancellation of the Litecoin fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 225, indicating a change in the flat trend in favor of the bullish trend. Expect to accelerate the growth of quotations LTC/USD stands with the breakdown of the lower boundary of the Cloud and the closing below the level of 185.
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