Litecoin LTC/USD completes trading week near area 159. The cryptocurrency is trading below the lower Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the level of 170, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below level 105.
Litecoin (LTC/USD) forecast on March 26 — 30, 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 bullish channel. Earlier, a medium strength signal was obtained for sales of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 180.
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 200, which will indicate 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 area and closing below 130.