Litecoin LTC/USD is trading at the level of 153. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Litecoin. The Ichimoku Kinko Hyo Cloud low limit test is expected near the 165 level, from which one should expect a rebound and an attempt to continue falling LTC /USD with a target below the level of 125.
Litecoin forecast & analysis LTC/USD on March 15, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a strong signal was received for the sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 165.
The abolition of the Litecoin fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 180, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in quotations LTC/USD is worth a breakdown of the support area and closing below the level of 145.
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