Litecoin LTC/USD is traded at the level of 312. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. Ichimoku Kinko Hyo signal line area test is near the level of 305, from which it is expected to rebound and try to continue the growth of LTC/USD with a target above 440 level.
Litecoin forecast & analysis LTC/USD on December 14, 2017
An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the bullish channel. Earlier, a strong signal was received for buy of Litecoin cryptocurrency due to the crossing of signal lines at level 105. The abolition of Litecoin growth variant will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 230, which will indicate a change in the bullish trend in favor of a downward trend. Expect to accelerate the growth of the LTC/USD cryptocurrency with a level breakdown of 380.
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