Litecoin LTC/USD is trading at 90. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a lateral trend in Litecoin. Ichimoku Kinko Hyo Cloud near the 89 level is expected to be near the 89 level, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 100.
Litecoin forecast & analysis LTC/USD on December 8, 2017
Earlier we received a weak signal for sell of Litecoin cryptocurrency due to the crossing of signal lines at level 100. An additional signal in favor of the growth of quotations of the crypto currency is the formation of the bullish model of «Wolfe Wave». The abolition of Litecoin growth option will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below area 87, which will indicate a change in the bullish trend in favor of bearish trends. Expect to accelerate the growth of the cryptocurrency is the breakdown of the upper boundary of the indicator cloud by closing above the level of 96.