Litecoin LTC/USD completes the trading week near area 129. The cryptocurrency is trading below the lower Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Litecoin. The test area of the Ichimoku Kinko Hyo signal lines near level 160 is expected, from which we should expect a rebound and an attempt to continue falling LTC/USD with a target below level 75.
Litecoin (LTC/USD) forecast on March 19 — 23, 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 cryptocurrency, due to the crossing of signal lines at the level of 180.
Cancellation of the Litecoin fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 200, which will indicate 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 support area and closing below 100.
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