Litecoin LTC/USD is trading at the level of 150. 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 180.
Litecoin forecast & analysis LTC/USD April 28, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area. Earlier, we received a weak signal for sell of Litecoin cryptocurrency, 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 shift in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations LTC/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 160.
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