Litecoin LTC/USD is trading at the level of 57.44 and continues to move within the framework of the formation of the «Triangle» model. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. As part of the digital currency forecast, the Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 56.50, from which one should expect a rebound and an attempt to continue the growth of LTC/USD with a target above 67.00.
Litecoin forecast & analysis LTC/USD August 26, 2018
An additional signal in favor of growth of the Litecoin cryptocurrency will be a test of the support area, as well as a rebound from the lower bound of the «Triangle» model. Earlier, a medium strength signal was received for purchases of Litecoin cryptocurrency, due to crossing of signal lines at 55.00.
Cancellation of the growth option for Litecoin cryptocurrency will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and a close below 53.00, which will indicate a change in the bullish 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 limit of the «Triangle» model and the closing above the level of 60.00.
Litecoin forecast & analysis LTC/USD August 26, 2018 suggests an attempt to correct the cryptocurrency and test level of 56.50, where it is expected to continue the growth of the Litecoin exchange rate with a potential target near the level of 67.00, the cancellation of the growth variant will come down and breakdown of the 53.00 area, continued decline.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
