Litecoin LTC/USD is trading at 219. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. Ichimoku Kinko Hyo is expected to test the area near the 200 level near the level 200, from which it is expected to rebound and try to continue the growth of LTC/USD with the target above the level of 265. 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 17, 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 quotes below area 155, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations LTC/USD stands with a breakdown of the upper border of the channel and closing above 240.
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