Litecoin LTC/USD is trading at the level of 200. The cryptocurrency is traded below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Litecoin. The Ichimoku Kinko Hyo cloud is expected to test near the 205 level, from which one should expect a rebound and an attempt to continue the LTC/USD fall below 165.
Litecoin forecast & analysis LTC/USD on March 6, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. 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 the acceleration of LTC/USD quotes growth with the breakdown of the lower bound of the «Triangle» model and the closing below the level of 185.
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