Litecoin LTC/USD is trading at level 211. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. The test area of Ichimoku Kinko Hyo signal lines near the 200 level is expected, from which we should expect a rebound and an attempt to continue the LTC/USD growth with a target above the level of 255. 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 20, 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 bullish trend in favor of the bearish 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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