Litecoin LTC/USD is trading at 222. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the level of 230, from which we should expect a rebound and an attempt to continue falling LTC/USD for a level below 180.
Litecoin forecast & analysis LTC/USD on January 14, 2018
Earlier we received a weak signal for buy of Litecoin cryptocurrency due to the crossing of signal lines at level 215. 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. With the test of area 185 it is necessary to expect the formation of a bullish model of «Wolfe Wave», which will indicate the potential growth in the area above the level of 250.