Litecoin LTC/USD is trading at the level of 208. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. Ichimoku Kinko Hyo signal line area test is near the level 185, from which one should expect a rebound and an attempt to continue the LTC/USD growth with the target above the level of 255. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the channel and a test of the support level.
Litecoin forecast & analysis LTC/USD on February 16, 2018
Earlier, a strong signal was received for buy of Litecoin cryptocurrency, 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 area 145, which will indicate a shift in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations LTC/USD stands with the breakdown of the upper border of the channel and closing above 230.
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