Litecoin LTC/USD is trading at the level of 181. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo signal line area test is near the 195 level, from which one should expect a rebound and an attempt to continue falling of LTC/USD for a level below 140.
Litecoin forecast & analysis LTC/USD on January 19, 2018
An additional signal in favor of the fall will be the test of the upper boundary of the descending channel. Earlier, a strong signal was received for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 215. The cancellation of the Litecoin fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 230, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the drop in quotations LTC/USD is worth a breakdown level of 150.
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