Litecoin LTC/USD is trading at the level of 151. The currency 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 145 is expected, from which we should expect a rebound and an attempt to continue LTC/USD growth with a target above the level of 170.
Litecoin forecast & analysis LTC/USD April 23, 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.
The abolition of Litecoin’s growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 130, which will indicate a shift in the bullish trend in favor of a bearish trend. Expect the acceleration of LTC/USD quotes growth with the breakdown of the upper bound of the «Triangle» model and the closing above the level of 155.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
