Litecoin LTC/USD is trading at level 152. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 155 is expected to be tested near the level 155, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below the level of 110.
Litecoin forecast & analysis LTC/USD on January 23, 2018
Earlier, a signal of medium strength was obtained for sell 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 215, which indicates 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 of level 140.
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