Litecoin LTC/USD is trading at the level of 119. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the level 115, from which it is expected to rebound and try to continue the growth of LTC/USD with a target above level 140.
Litecoin forecast & analysis LTC/USD April 13, 2018
An additional signal in favor of the growth of the cryptocurrency will be the upper bound of the «Triangle» model. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 115.
Cancellation of the Litecoin growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 110, which will indicate a change in the flat trend in favor of a bearish trend. Expect the acceleration of LTC/USD quotes growth with the breakdown of the resistance area and the closing above the level of 130.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
