Litecoin LTC/USD is trading at the level of 119. The cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the 120 level, 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 30, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the channel, as well as a test of the resistance level. 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 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
