Litecoin LTC/USD is trading at 136. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. The Ichimoku Kinko Hyo signal line area test is expected near the 132 level, from which one should expect a rebound and an attempt to continue LTC/USD growth with a target above the level of 150.
Litecoin forecast & analysis LTC/USD April 19, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the lower border of the channel. Earlier, a weak signal was received for buy of Litecoin, 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 quotes below the area of 120, which will indicate a change in the bullish 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 140.
