Litecoin LTC/USD is trading at 169. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the 160 level is expected to be tested near the 160 level, from which one should expect a rebound and an attempt to continue growth of LTC/USD with a target above the level of 200.
Litecoin forecast & analysis LTC/USD on January 28, 2018
An additional signal in favor of the growth of the crypto currency is the breakdown of the upper limit of the «Triangle» model. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 160.
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 150, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the dew of quotes LTC/USD is with a breakdown of the resistance level with a close above the level of 190.
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