Litecoin LTC/USD is trading at level 210. The cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 225 is expected to be tested near the level of 225, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below the level of 175.
Litecoin forecast & analysis LTC/USD on January 12, 2018
Earlier, a weak signal was received for the sell of Litecoin cryptocurrency, by crossing signal lines at 240 level. 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 above the 250 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency LTC/USD is at the level breakdown of 195.