Litecoin LTC/USD is trading at level 152. The cryptocurrency is trading 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 150 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 170.
Litecoin forecast & analysis LTC/USD April 24, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the lower bound of the «Triangle» model, as well as the test of the lower boundary of the rising channel. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, 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 change 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.
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