Litecoin LTC/USD is trading at the level of 157. The cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Litecoin. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the 165 level, from which one should expect a rebound and an attempt to continue the LTC/USD fall below 140.
Litecoin forecast & analysis LTC/USD May 10, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area, as well as the test of the lower boundary of the channel. Earlier, we received a weak signal for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 168.
The abolition of the Litecoin cryptocurrency fall will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 175, which indicates a change in the bearish trend in favor of the bullish trend. Expect LTC/USD, subject to falling quotes, with a breakdown of the bottom of the rising channel and a close below the level of 150.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
