Litecoin LTC/USD is trading at 280. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the 265 level, from which one should expect a rebound and an attempt to continue falling LTC/USD with a target below the level of 155. Earlier, a weak signal was received for sell of Litecoin cryptocurrency, by crossing signal lines at 310 level.
Litecoin forecast & analysis LTC/USD on December 24, 2017
Cancellation of 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 flat trend in favor of a bearish trend. Expect to accelerate the growth of the LTC/USD cryptocurrency with the breakdown of the upper bound of the indicator Cloud and the closing above the level of 325. An additional signal in favor of the growth of the cryptocurrency is the formation of a bullish model of «Wolfe Wave» with the target of working at level 380.
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