Litecoin LTC/USD is trading at 82.34. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The test area of Ichimoku Kinko Hyo signal lines near level 90 is expected, from which it is expected to rebound and attempt to drop LTC/USD with a target below level 65.
Litecoin forecast & analysis LTC/USD June 23, 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 medium strength signal was obtained for the sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 97.
Cancellation of the Litecoin cryptocurrency drop option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the 100 area, which indicates 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 80.
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