Litecoin LTC/USD is trading at level 118. 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 120 is expected, from which one should expect a rebound and an attempt to continue falling LTC/USD with a target below the level of 100.
Litecoin forecast & analysis LTC/USD May 28, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area, as well as a test of the upper boundary of the bearish channel. 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 drop option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 130, 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 lower limit of the model «Triangle» and the closing below the level of 115.
