Litecoin LTC/USD is trading at 280. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 265 is expected to be tested near the level of 265, from which we expect a rebound and an attempt to continue the growth of LTC/USD with a target above 410.
Litecoin forecast & analysis LTC/USD on December 17, 2017
Earlier we received a weak signal for sell of Litecoin cryptocurrency due to the crossing of signal lines at level 270. 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 level breakdown of 320.
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