Litecoin LTC/USD is trading at 140. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The test area of Ichimoku Kinko Hyo signal lines near level 143 is expected, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below level 120.
Litecoin forecast & analysis LTC/USD May 13, 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 cancellation of the Litecoin cryptocurrency drop option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 160, which indicates a change in the bearish trend in favor of the bullish trend. To 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 130.
