Litecoin LTC/USD is trading at 145. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the level 145, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 185.
Litecoin forecast & analysis LTC/USD April 26, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a weak signal was received for buy of the 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 area 138, 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.
However, we should not exclude the attempt to form the reversal model «Head and Shoulders». In this case, with the breakdown of area 140, it is expected to continue the fall of quotations of the cryptocurrency.
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