Litecoin LTC/USD is traded at the level of 60. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. It is expected to test the area of the signal lines of the indicator near level 65, from which it is expected to rebound and continue falling of LTC/USD with a target below the level of 50.
An additional signal in favor of the drop of the cryptocurrency will be a resistance level test. Earlier, a medium strength signal was obtained for the sales of Litecoin cryptocurrency, by crossing the signal lines at level 74. The cancellation of the Litecoin fall variant will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 73, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is worth a level breakdown of 60.