Litecoin LTC/USD is trading at the level of 207. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Litecoin. The Ichimoku Kinko Hyo Cloud is expected to be tested near the level 210, from which we expect a rebound and an attempt to continue falling LTC/USD with a target below the level of 175.
Litecoin forecast & analysis LTC/USD on January 5, 2018
Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to crossing of signal lines at 205 level.The abolition of the Litecoin fall option will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 240, which indicates a change in the bearish trend in favor of the bullish. Expect to accelerate the fall of the cryptocurrency LTC/USD is worth a breakdown level 175.