Litecoin LTC/USD completes the trading week near area 73. 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 80 is expected, from which one should expect a rebound and an attempt to continue falling LTC/USD with a target below level 40.
Litecoin (LTC/USD) forecast July 2 — 6, 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 bearish channel. Earlier, a medium strength signal was obtained for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 155.
Cancellation of the Litecoin fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 115, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is the breakdown of the lower boundary of the bearish channel and the closing below the level of 50.