Litecoin LTC/USD completes trading week near area 169. 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 level 185 is expected, from which we should expect a rebound and an attempt to continue falling of LTC/USD for a level below 70.
Litecoin (LTC/USD) weekly forecast January 22 — 26, 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 the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is with a level breakdown of 140.
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