Litecoin LTC/USD is trading at 147. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The Ichimoku Kinko Hyo cloud is expected to test near the 155 level, from which one should expect a rebound and an attempt to continue the LTC/USD fall below 120.
Litecoin forecast & analysis LTC/USD on March 27, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the channel, as well as a test of the resistance level. 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 variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 170, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in LTC/USD quotations with the breakdown of the support area and the closing below the level of 140.