Litecoin LTC/USD is trading at the level of 97. 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 Cloud near the level 95 is expected to be tested near the level 95, from which one should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 115.
Litecoin forecast & analysis LTC/USD on December 9, 2017
Earlier, a weak signal was received for the sell of Litecoin cryptocurrency, by crossing the signal lines at level 100. 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 85, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is the breakdown of the upper limit of the model «Triangle» and closing above the level of 103.
