Litecoin LTC/USD is trading at 97.39. 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 100 is expected to test the lower boundary, from which one should expect a rebound and an attempt to drop LTC/USD with a target below the level of 80.
Litecoin forecast & analysis LTC/USD June 20, 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 limit of the «Triangle» model. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 95.
The abolition of the Litecoin cryptocurrency fall will be a breakdown of the upper Ichimoku Kinko Hyo Cloud and a close above 105, indicating a bearish trend in favor of an uptrend and the continued growth of the cryptocurrency. Expect the acceleration of the drop in quotes LTC/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 90.
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