Litecoin LTC/USD is trading at the level of 56.17. The cryptocurrency is traded on the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. As part of the forecast for the digital currency, the Ichimoku Kinko Hyo cloud bottom test is expected near the level of 54.00, from which it is expected to rebound and try to continue the growth of LTC/USD with a target above 66.50.
Litecoin forecast & analysis LTC/USD August 19, 2018
An additional signal in favor of the growth of the Litecoin cryptocurrency will be a test of the upper boundary of the channel, as well as a rebound from the support level. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at 55.00.
The abolition of the growth option for Litecoin cryptocurrency will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below the level of 51.00, indicating a change in the flat trend in favor of the bearish trend and the continued fall of the cryptocurrency. To expect confirmation of the growth of LTC/USD quotes stands with the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the level of 62.50.
Litecoin forecast & analysis LTC/USD August 19, 2018 suggests an attempt to develop a correction of the cryptocurrency and the 54.00 level test, from which it is expected to continue the growth of the Litecoin exchange rate with a potential target near the level of 66.50, the dropping of the growth variant will be the fall and breakdown of the 51.00 area.
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