Litecoin LTC/USD is trading at the level of 172. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Litecoin. Ichimoku Kinko Hyo signal line area test is near the level of 180, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below level 115. An additional signal in favor of the fall will be a test of the upper boundary of the channel.
Litecoin forecast & analysis LTC/USD on January 20, 2018
Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to crossing of signal lines at level 165. 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 the acceleration of the drop in quotations LTC/USD stands with a breakdown of level 155.
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