Litecoin LTC/USD is trading at 133. The currency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The test area of Ichimoku Kinko Hyo signal lines near level 140 is expected, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below level 105.
Litecoin forecast & analysis LTC/USD on March 29, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a 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.
The abolition of the Litecoin fall option will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 160, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in quotes LTC/USD is with the breakdown of the support area and closing below the level of 120.