Litecoin LTC/USD is trading at the level of 161. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Litecoin. The test area of Ichimoku Kinko Hyo signal lines near level 155 is expected, from which one should expect a rebound and an attempt to continue LTC/USD growth with a goal above the level of 185.
Litecoin forecast & analysis LTC/USD April 25, 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 boundary 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 a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 135, 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 resistance area and the closing above the level of 165.
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