Litecoin LTC/USD is trading at 81.81. 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 82.50 is expected to test the bottom of the cloud, from which one should expect a rebound and an attempt to drop LTC/USD with a target below 63.00
Litecoin forecast & analysis LTC/USD July 1, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at 80.00.
The abolition of the Litecoin cryptocurrency drop option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the 88.00 area, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect the acceleration of the drop in LTC/USD quotes with the breakdown of the support area and the closing below the level of 70.00.
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