Litecoin LTC/USD is trading at 231. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to be tested near the level 215, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with a target below 280.
Litecoin forecast & analysis LTC/USD on January 3, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the broken down channel boundary. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 205. 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 190, which will indicate a shift in the bullish trend in favor of the bearish trend. To expect the acceleration of the growth of the LTC/USD cryptocurrency is worth a breakdown of the level of 245.