Litecoin LTC/USD is trading at the level of 172. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend for Litecoin. Ichimoku Kinko Hyo Cloud near the 180 level is expected to be tested near the level of 180, from which one should expect a rebound and an attempt to continue falling of LTC/USD for a level below 140. An additional signal in favor of the fall of the crypto currency will come from the lower bound of the «Triangle» model.
Litecoin forecast & analysis LTC/USD on January 31, 2018
Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 170. 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 the area of 200, which will indicate 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 level of 160.
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