Litecoin LTC/USD is trading at the level of 195. 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 the LTC/USD fall with the goal below the level of 165. 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 5, 2018
Earlier, weak signals were received for buy 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 area 215, 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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