Litecoin LTC/USD is trading at 84.55. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Ichimoku Kinko Hyo Cloud upper test is expected near the level of 85.30, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below 74.00.
Litecoin forecast & analysis LTC/USD July 24, 2018
An additional signal in favor of reducing the Litecoin cryptocurrency will be a resistance level test. Earlier, we received a weak signal for sell of Litecoin cryptocurrency, due to the crossing of signal lines at 85.00.
The abolition of the Litecoin cryptocurrency drop option will be the breakdown of the upper Ichimoku Kinko Hyo Cloud and the closing above the 88.50 area, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. To expect confirmation of the drop in quotes LTC/USD stands with the breakdown of the lower border of the bullish channel and the closing below the level of 80.00.
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