Litecoin LTC/USD is trading at 169. The cryptocurrency is trading 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 175, from which one should expect a rebound and an attempt to continue falling LTC/USD with a target below 125.
Litecoin forecast & analysis LTC/USD on January 22, 2018
An additional signal in favor of the drop is a rebound from the resistance level. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to crossing of signal lines at level 165. 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 225, which indicates 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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