Litecoin LTC/USD is trading at 146. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. A test of the Ichimoku Kinko Hyo signal line area near the level 135 is expected, from which one should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 180. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower bound of the «Triangle» model.
Litecoin forecast & analysis LTC/USD on February 13, 2018
Earlier, a weak signal was received for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 140. Cancellation of the Litecoin growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 120, which will indicate a change in the bullish trend in favor of the 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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