Litecoin LTC/USD is trading at the level of 156. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. Ichimoku Kinko Hyo signal line area test near level 135 is expected, from which one should expect a rebound and an attempt to continue LTC/USD growth with the target above the level of 190.
Litecoin forecast & analysis LTC/USD on December 10, 2017
Earlier, a strong signal was received for buy of Litecoin cryptcurrency, due to crossing of signal lines at level 105. Canceling option the growth of Litecoin will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 110, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is worth a breakdown of the level of 165.
We should not exclude the attempt to continue growing already from the current levels within the framework of testing the inverted «Head and Shoulders» model, the target of growth may be the level 190.
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