Litecoin LTC/USD is trading at 130. 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 lower limit test is expected near level 120, from which one should expect a rebound and an attempt to continue LTC/USD growth with a target above level 140.
Litecoin forecast & analysis LTC/USD April 4, 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 Litecoin cryptocurrency, due to the crossing of signal lines at level 117.
Cancellation of the Litecoin growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 115, which indicates a change in the flat trend in favor of a bearish trend. Expect the acceleration of LTC/USD quotations growth with the breakdown of the upper limit of the bearish channel and the closing above the level of 145.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
