Litecoin LTC/USD completes trading week near area 127. The cryptocurrency is trading below the lower Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The test area of Ichimoku Kinko Hyo signal lines near level 145 is expected, from which one should expect a rebound and an attempt to continue falling LTC/USD with a target below level 75.
Litecoin (LTC/USD) forecast April 16 — 20, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bullish channel. Earlier, a medium strength signal was obtained for sell of Litecoin, due to the crossing of signal lines at the level of 180.
The abolition of the Litecoin fall scenario will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 180, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is with the breakdown of the support area and closing below 90.