Litecoin forecast & analysis LTC/USD May 17, 2018


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Litecoin LTC/USD is trading at 137. 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 140 level, from which one should expect a rebound and an attempt to continue falling LTC/USD for a level below 110.

Litecoin forecast & analysis LTC/USD May 17, 2018

An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area. Earlier, a strong signal was received for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 141.

Litecoin forecast & analysis LTC/USD May 17, 2018

The abolition of the Litecoin cryptocurrency drop option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of ​​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 stands with the breakdown of the support area and closing below the level of 130.


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