Litecoin LTC/USD is trading at 143. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 150 is expected to be tested near the level, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a goal below the level of 90. 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 5, 2018
Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 125. 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, which indicates 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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