Litecoin LTC/USD is trading at 286. 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 265 level, from which one should expect a rebound and an attempt to continue the growth of LTC/USD with a target higher than the level of 375. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel.
Litecoin forecast & analysis LTC/USD on December 15, 2017
Earlier, a strong signal was received for buy of Litecoin cryptocurrency due to closing of signal lines at level 105. The abolition of Litecoin growth variant will be the breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotes below area 220, which will indicate a change in the bullish trend in favor of the bearish trend. To expect the acceleration of the growth of the LTC/USD cryptocurrency is worth a breakdown of the level of 350.
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