Litecoin LTC/USD is trading at level 212. 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 near level 205 is expected, from which we should expect a rebound and an attempt to continue LTC/USD growth with a target above 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 18, 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 Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 160, 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 limit of the model «Triangle» and closing above 235.
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