Litecoin LTC/USD is trading at 80.39. 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 is expected near the level of 87.00, from which one should expect a rebound and an attempt to drop LTC/USD with a target below 60.50
Litecoin forecast & analysis LTC/USD June 27, 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 received for sell of Litecoin cryptocurrency, due to the crossing of signal lines at 97.00.
The abolition of the Litecoin crypto currency drop option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the area of 95.00, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. To expect the acceleration of the drop in LTC/USD quotes is with the breakdown of the support area and the closing below the level of 75.00.
