Litecoin LTC/USD is trading at 149. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. The test area of Ichimoku Kinko Hyo signal lines near level 140 is expected, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 165.
Litecoin forecast & analysis LTC/USD April 21, 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 quotations below area 125, which will indicate a change in the bullish trend in favor of the bearish trend. To expect the acceleration of LTC/USD quotations growth is with the breakdown of the resistance area and the closing above the level of 155.
