Litecoin LTC/USD is trading at 139. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo signal line area test is near the level 145, from which it is expected to rebound and attempt to continue falling LTC/USD with a target below the level of 125.
Litecoin forecast & analysis LTC/USD May 12, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance area test, as well as a trend line bearish trend test. 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 drop option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the 165 area, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in quotes LTC/USD stands with the breakdown of the bottom of the bullish channel and the closing below the level of 120.
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