Litecoin LTC/USD is trading at the level of 151. 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 148 level, from which one should expect a rebound and an attempt to continue LTC/USD growth with a target above the level of 185.
Litecoin forecast & analysis LTC/USD April 30, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area, as well as the test of the lower boundary of the channel. Earlier, a medium strength signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 148.
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 indicates a change in the flat trend in favor of a downward 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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