Litecoin LTC/USD is trading at 216. 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 220 is expected to be tested near the level, from which one should expect a rebound and an attempt to continue falling LTC/USD for a level below 180.
Litecoin forecast & analysis LTC/USD on January 15, 2018
Earlier, a weak signal was received 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 completion of the formation of the bullish model of the «Wolfe Wave». In this case, we should expect a rebound and a growth attempt with a potential growth target in the area above the 270 level.