Litecoin LTC/USD is trading at 56.52 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 lower limit test is expected near the level of 55.00, from which one should expect a rebound and an attempt to continue LTC/USD growth with a target above 67.00.
Litecoin forecast & analysis LTC/USD August 27, 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 buy 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 27, 2018 suggests an attempt to correct the cryptocurrency and the 55.00 level test, from which it is expected to continue the growth of the Litecoin exchange rate with a potential target near the level of 67.00, the cancellation of the growth variant will come down and the breakdown of the 53.00 area, continued decline.
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