Litecoin LTC/USD is trading at 143. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The test area of the Ichimoku Kinko Hyo signal lines near level 150 is expected, from which one should expect a rebound and an attempt to continue falling LTC/USD with a target below the level of 120.
Litecoin forecast & analysis LTC/USD on March 18, 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.
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 175, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in quotes LTC/USD stands with the breakdown of the support area and closing below the level of 130.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
