Litecoin LTC/USD is trading at the level of 114. The cryptocurrency is traded 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 116 is expected, from which we should expect a rebound and an attempt to continue falling LTC/USD with a target below 95.
Litecoin forecast & analysis LTC/USD May 29, 2018
An additional signal in favor of the fall of the cryptocurrency will be the test of the lower bound of the «Triangle» model, 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 the area of 125, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in quotes LTC/USD is with the breakdown of the support area and closing below the level of 110.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
