Litecoin LTC/USD is trading at the level of 162. 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 Cloud near the level 170 is expected to be tested near the level of 170, from which one should expect a rebound and an attempt to continue the decline of LTC/USD with a target below the level of 105.
Litecoin forecast & analysis LTC/USD on January 26, 2018
Earlier, a weak signal was received for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 160.
Cancellation of the Litecoin fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above area 195, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in quotes LTC/USD stands with the breakdown of the lower limit of the model «Triangle» with a closing below the level of 135.
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