Litecoin LTC/USD is trading at 165. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the 160 level, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below the level of 140.
Litecoin forecast & analysis LTC/USD on March 26, 2018
An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel. Earlier, a medium strength signal was received for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 160.
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 165 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in quotations LTC/USD stands with the breakdown of the support area and the closing below the level of 150.