Litecoin LTC/USD is trading at the level of 171. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Litecoin. The test area of Ichimoku Kinko Hyo signal lines near the level 175 is expected, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below the level of 135.
Litecoin forecast & analysis LTC/USD on March 10, 2018
An additional signal in favor of the fall of the cryptocurrency will be the 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 195.
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 area 195, which will indicate a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the drop in quotes LTC/USD stands with the breakdown of the lower boundary of the bearish channel and the closing below the level of 135.
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