Litecoin LTC/USD is trading at 221. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected near the level 215, from which it is expected to rebound and try to continue the growth of LTC/USD with the target below the level of 285. An additional signal in favor of the growth of the cryptocurrency will be a test of the broken border of the bearish channel.
Litecoin forecast & analysis LTC/USD on January 4, 2018
Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 205. The abolition of Litecoin growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 190, which will indicate a shift in the bullish trend in favor of the bearish trend. To expect the acceleration of the growth of the LTC/USD cryptocurrency is worth a breakdown of the level of 245.