Litecoin LTC/USD is trading at the level of 192. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the 200 level is expected to be tested near the 200 level, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below the level of 160. An additional signal in favor of the drop of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Litecoin forecast & analysis LTC/USD on March 3, 2018
Earlier, a medium strength signal was received for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 200. 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 220, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the growth of LTC/USD quotes with the breakdown of the lower bound of the «Triangle» model and the closing below the level of 185.
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