Litecoin LTC/USD is trading at 135. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo signal line area test is near the level 145, from which we expect a rebound and an attempt to continue the LTC/USD fall below 70. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test, as well as a test of the upper boundary of the channel.
Litecoin forecast & analysis LTC/USD on February 4, 2018
Earlier, we received a weak signal for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 167. 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 the area of 175, indicating a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in quotes LTC/USD stands with the breakdown of the support level and closing below 100.
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