Litecoin LTC/USD is trading at 229. 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 220 is expected, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with a target above 265. An additional signal in favor of the growth of the cryptocurrency will be the test of the upper limit of the «Triangle» model.
Litecoin forecast & analysis LTC/USD on February 21, 2018
Earlier, a strong signal was received for buy of Litecoin cryptocurrency, due to the intersection of signal lines at level 215. 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 the area of 175, which will indicate a change in the bullish trend in favor of a bearish trend. To expect the acceleration of LTC/USD quotes growth is with the breakdown of the resistance area and the closure above 245.
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