Litecoin LTC/USD is trading at 238. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. A support test is expected near the level of 235, from which one should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 285. Earlier, a weak signal was obtained for buy of Litecoin cryptocurrency due to the crossing of signal lines at level 240.
Litecoin forecast & analysis LTC/USD on December 25, 2017
The abolition of Litecoin growth scenario will be a breakdown of the level support with the closing of quotes below the area of 200, which indicates the continuation of the fall. Expect to accelerate the growth of the LTC/USD cryptocurrency with a breakdown of the upper bound of the indicator Cloud and a close above the level of 325.
An additional signal in favor of the growth of the cryptocurrency is the formation of the bull model of the «Wolfe Wave» at small time intervals. The target of working out this model is the area at level 380.
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