Litecoin LTC/USD is trading at the level of 134. The cryptocurrency is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend in Litecoin. The Ichimoku Kinko Hyo cloud is expected to test near the 137 level, from which one should expect a rebound and an attempt to continue falling LTC/USD with a target below level 115.
Litecoin forecast & analysis LTC/USD May 22, 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 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 area 145, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in LTC/USD quotes with the breakdown of the support area and the closing below the level of 125.
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