Litecoin LTC/USD is trading at level 99. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Litecoin. The test area of Ichimoku Kinko Hyo signal lines near level 102 is expected, from which it is expected to rebound and attempt to drop LTC/USD with a target below level 88.
Litecoin forecast & analysis LTC/USD June 13, 2018
An additional signal in favor of the fall of the 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 level 121.
The abolition of the Litecoin cryptocurrency fall option will be the breakdown of the upper Ichimoku Kinko Hyo Cloud and the closing above the 117 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 quotations LTC/USD is with the breakdown of the support area and closing below the level of 95.