Litecoin LTC/USD completes trading week near area 140. The cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the 175 level is expected to test near the level, from which one should expect a rebound and an attempt to continue the LTC/USD fall with a target below the level of 60. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Litecoin (LTC/USD) weekly forecast February 12 — 16, 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 quotations 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 worth a breakdown of the support level and closing below 110.