Litecoin LTC/USD is trading at 136. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the 140 level is expected to test, from which it is expected to rebound and try to continue falling LTC/USD with a target below the level of 120.
Litecoin forecast & analysis LTC/USD May 20, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area. Earlier, a strong signal was received for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 141.
The cancellation 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 area 145, which indicates 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 support area and closing below the level of 130.
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