Litecoin LTC/USD is trading at level 130. The cryptocurrency is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in Litecoin. The test area of Ichimoku Kinko Hyo signal lines near level 140 is expected, from which one should expect a rebound and an attempt to continue falling LTC/USD with a target below the level of 100.
Litecoin forecast & analysis LTC/USD on March 19, 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 option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 170, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in quotes LTC/USD is with the breakdown of the support area and closing below the level of 120.
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