Litecoin LTC/USD is trading at the level of 182. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Litecoin. Ichimoku Kinko Hyo signal line area test near level 160 is expected, from which one should expect a rebound and an attempt to continue LTC/USD growth with a target above the level of 220.
Litecoin forecast & analysis LTC/USD on December 12, 2017
Earlier, a strong signal was received for buy of Litecoin cryptocurrency due to intersection 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 120, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of the LTC/USD cryptocurrency with a level breakdown of 200.
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