Litecoin LTC/USD is traded at level 148. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. The Ichimoku Kinko Hyo signal line area test is expected near the level of 140, from which we 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 lower bound of the «Triangle» model.
Litecoin forecast & analysis LTC/USD on February 14, 2018
Earlier, a strong signal was received for buy of Litecoin crypt currency, due to the crossing of signal lines at level 145. 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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