Litecoin LTC/USD is trading at the level of 162. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the level of 170, from which one should expect a rebound and an attempt to continue falling LTC/USD with a target below level 130.
Litecoin forecast & analysis LTC/USD on March 14, 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 weak signal was received for buy of Litecoin cryptocurrency, due to crossing of signal lines at level 165.
The abolition of the Litecoin fall scenario will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 190, which indicates a change in the bearish trend in favor of the bullish trend. 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 155.