Litecoin LTC/USD is trading at 61.64 and continues to move within the growth framework. The Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend. As part of the Litecoin forecast & analysis LTC/USD September 22, 2018, the Ichimoku Kinko Hyo signal line area test is expected near the level of 58.50, from which we should expect a rebound and an attempt to continue LTC/USD growth with a target above the level of 70.00.
Litecoin forecast & analysis LTC/USD September 22, 2018
An additional signal in favor of growth of the Litecoin cryptocurrency will be a test of the support area, as well as a rebound from the lower border of the rising channel. Earlier, a medium strength signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at 54.20.
The abolition of the Litecoin cryptocurrency growth scenario will be the fall and breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below the level of 52.50. This option will indicate a change in the upward trend in favor of a downward trend and the continuation of the fall of the cryptocurrency. To expect the acceleration of LTC/USD quotations growth is with the breakdown of the resistance area and the closing above the level of 60.00.
Litecoin forecast & analysis LTC/USD September 22, 2018 suggests an attempt to correct the crypto-currency and test level of 58.50, where we can expect the Litecoin to continue growing with a potential target near the level of 70.00, the cancellation of the growth variant will come down and the breakdown of the area of 52.50, which will indicate continued reduction of the cryptocurrency.
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