Litecoin LTC/USD is trading at 199 level. The cryptocurrency is trading 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 for a level below 150. An additional signal in favor of the drop of the cryptocurrency will be the upper bound of the «Triangle» model.
Litecoin forecast & analysis LTC/USD on March 4, 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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