Litecoin LTC/USD is trading at 125. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The test area of Ichimoku Kinko Hyo signal lines near level 155 is expected, from which we should expect a rebound and an attempt to continue falling of LTC/USD with a target below 70.
Litecoin forecast & analysis LTC/USD on January 18, 2018
An additional signal in favor of the fall will be a test of the lower boundary of the bearish channel. Earlier, a strong signal was received for sell 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 quotes above area 210, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the drop in quotes LTC/USD is worth a breakdown of the level of 100.
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