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 11, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area. 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 crypto currency 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 bullish channel and a close below the level of 150.
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