Litecoin LTC/USD is trading at level 150. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. The Ichimoku Kinko Hyo cloud is expected to test near the 147 level, from which one should expect a rebound and an attempt to continue LTC/USD growth with a target above the level of 180.
Litecoin forecast & analysis LTC/USD April 29, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area. Earlier, a weak signal was received 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.
