Litecoin LTC/USD is trading at level 313. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Litecoin. Ichimoku Kinko Hyo signal line area test near the level 300 is expected, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with the target above the level of 405.
Litecoin forecast & analysis LTC/USD on December 19, 2017
Earlier, a strong signal was received for buy of Litecoin cryptocurrency, by crossing the signal lines at level 297. Canceling option the 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 240, which will indicate a change in the bullish trend in favor of a bearish trend. To expect the acceleration of the growth of the LTC/USD cryptocurrency is worth a breakdown of the level of 335.
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