Litecoin LTC/USD is trading at 189. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 165 level, from which one should expect a rebound and an attempt to continue LTC/USD growth with a goal above the level of 215. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Litecoin forecast & analysis LTC/USD on January 29, 2018
Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 175. The abolition of Litecoin growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 170, which will indicate a change in the bullish trend in favor of the bearish one. Expect to accelerate the dew of LTC/USD quotations with a breakdown of the resistance level with a close above the level of 200.
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