Litecoin LTC/USD is trading at level 130. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Ichimoku Kinko Hyo Cloud near the 140 level is expected to be tested near the level of 140, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below the level of 80. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Litecoin forecast & analysis LTC/USD on February 9, 2018
Earlier, a strong signal was received for sell of Litecoin cryptocurrency, due to the intersection 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 160, indicating a change in the flat trend in favor of the bullish trend. Expect the acceleration of the drop in quotes LTC/USD stands with the breakdown of the lower limit of the model «Triangle» and closing below 105.
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