Litecoin LTC/USD is trading at 145. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the 140 level, from which it is expected to rebound and try to continue the growth of LTC/USD with a target above the level of 155.
Litecoin forecast & analysis LTC/USD April 27, 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 sell of the Litecoin, due to the crossing of signal lines at level 153.
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 quotations below area 135, which will indicate a change in the flat 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 160.
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