Litecoin LTC/USD is trading at 141. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Ichimoku Kinko Hyo Cloud near the level 130 is expected to be tested near the level of 130, from which one should expect a rebound and an attempt to continue the growth of LTC/USD with a goal above the level of 180. An additional signal in favor of the growth of the cryptocurrency will be the upper bound of the «Triangle» model.
Litecoin forecast & analysis LTC/USD on February 12, 2018
Earlier, a medium strength signal was obtained for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 125. The abolition of Litecoin growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 115, which will indicate a shift in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations LTC/USD is with a breakdown of the resistance level and closing above 160.
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