Litecoin LTC/USD is trading at 279. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. A test of the Ichimoku Kinko Hyo signal line area near level 265 is expected, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 405.
Litecoin forecast & analysis LTC/USD on December 16, 2017
Earlier, a strong signal was received for buy of Litecoin cryptocurrency, by crossing signal lines at level 105. Canceling option growth of Litecoin will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 220, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the LTC/USD cryptocurrency with a breakdown of the upper bound of the «Flag» model and a close above the level of 305.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
