Litecoin LTC/USD completes trading week near area 184. 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 signal line area test near the 200 level is expected, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below the level of 125.
Litecoin (LTC/USD) forecast January 29 — February 2, 2018
An additional signal in favor of the drop of the cryptocurrency will be a resistance level test. Earlier, a medium strength signal was received for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 225.
Cancellation of the Litecoin fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 255, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is worth a breakdown of the level of 150.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
