Litecoin LTC/USD is trading at 197 level. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Ichimoku Kinko Hyo Cloud near the 200 level is expected to be tested near the 200 level, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below the level of 170. An additional signal in favor of the drop of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Litecoin forecast & analysis LTC/USD on March 1, 2018
Earlier, a medium strength signal was obtained for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 190. Cancellation of the Litecoin fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 220, which indicates a change in the flat trend in favor of the bullish trend. Expect to accelerate the growth of quotations LTC/USD stands with the breakdown of the lower boundary of the Cloud and the closing below the level of 185.
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