Litecoin LTC/USD is trading at level 211. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Ichimoku Kinko Hyo Cloud near the 200 level is expected to be tested near the 200 level, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 245. 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 27, 2018
Earlier, a medium strength signal was obtained for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 190. 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 area of 180, indicating a change in the flat trend in favor of a bearish trend. Expect the acceleration of LTC/USD quotes growth with the breakdown of the resistance area and the closing above the level of 225.
