Litecoin LTC/USD is trading at 221. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Ichimoku Kinko Hyo Cloud near the level 225 is expected to be tested near the level of 225, from which we expect a rebound and an attempt to continue the decline of LTC/USD with a target below the level of 175.
Litecoin forecast & analysis LTC/USD on January 6, 2018
An additional signal in favor of a drop Earlier, a weak signal was received for buy Litecoin cryptocurrency, by crossing the signal lines to level 205. 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 the area of 240, indicating a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall of the LTC/USD cryptocurrency with a breakdown of the lower boundary of the Indicator Cloud and a close below level 195.