Litecoin LTC/USD is trading at the level of 209. The cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Litecoin. Ichimoku Kinko Hyo signal line area test near the 200 level is expected, from which we should expect a rebound and an attempt to continue LTC/USD growth with the goal above the level of 265. 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 19, 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 the 165 area, which will indicate a shift in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations LTC/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above 225.
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