Litecoin LTC/USD is trading at 144. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo signal line area test near 160 level is expected, from which one should expect a rebound and an attempt to continue falling of LTC/USD for a level below 90.
Litecoin forecast & analysis LTC/USD on January 24, 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 195, which will indicate 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 135.
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