Litecoin LTC/USD is trading at 264. The cryptocurrency is traded above the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. Ichimoku Kinko Hyo signal line area test is near the 245 level, from which it is expected to rebound and try to continue the growth of LTC/USD with a target above the level of 320. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Litecoin forecast & analysis LTC/USD on January 7, 2018
Earlier, a medium strength signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 215. Canceling the growth option, Litecoin will become the lower upper boundary of the Ichimoku Kinko Hyo Cloud, with the closing of quotations below the area of 200, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of the cryptocurrency LTC/USD is worth a breakdown of the level of 280.