Litecoin LTC/USD is trading at 45.77 and continues to move as part of the upward correction. LTC/USD quotes move below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates a downward trend. As part of the Litecoin Forecast and Analysis LTC/USD March 1, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 46.35. Where should we expect a rebound and an attempt to continue to reduce LTC/USD with the goal below the level of 38.00.
Litecoin Forecast and Analysis LTC/USD March 1, 2019
An additional signal in favor of the fall of cryptocurrency Litecoin will be the test of the resistance area. As well as a rebound from the lower boundary of the rising channel. Were previously received a weak signal for sales of Litecoin cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 48.50. The nearest resistance area is at 46.50. The LTC/USD support area is at 42.05.
Abolishing the cryptocurrency fall option, Litecoin will break the upper boundary of the Ichimoku Kinko Hyo Cloud and close above 49.25. This option will indicate a change in the downward trend in favor of the upward trend and continued growth of cryptocurrency. LTC/USD quotes are expected to accelerate with the breakdown of the support area and closing below 41.45.
Litecoin Forecast and Analysis LTC/USD March 1, 2019 imply an attempt to correct cryptocurrency and a test level of 46.35. Where can we expect the continuation of the fall of the Litecoin course with a potential target near the level of 38.00. Cancellation option reduction will make a strong growth and a breakdown of 49.25. That will indicate the continuation of the rise of cryptocurrencies with a potential goal at the level of 55.00.