Litecoin LTC/USD completes trading week near area 130. The cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo signal line area test near level 145 is expected, from which we should expect a rebound and an attempt to continue falling LTC/USD for a level below 55. An additional signal in favor of the drop of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Litecoin (LTC/USD) weekly forecast February 5 — 9, 2018
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 option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 245, which indicates 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 level and closing below 75.
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