Litecoin LTC/USD is trading at the level of 132. The cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Litecoin. The Ichimoku Kinko Hyo Cloud lower limit test is expected near level 135, from which it is expected to rebound and attempt to continue falling LTC/USD with a target below level 115.
Litecoin forecast & analysis LTC/USD May 23, 2018
An additional signal in favor of the fall of the cryptocurrency will be the resistance area test, as well as the upper bound of the «Triangle» model. Earlier, a strong signal was received for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 134.
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 to accelerate the drop in quotes LTC/USD stands with the breakdown of the lower limit of the model «Triangle» and closing below the level of 125.
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