Litecoin LTC/USD is trading at the level of 168. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates 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 the growth of LTC/USD with a target above the level of 200.
Litecoin forecast & analysis LTC/USD on January 30, 2018
Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to crossing of signal lines at 165 level. Cancellation of the Litecoin growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 145, which will indicate a change in the bullish trend in favor of the bearish one. Expect the acceleration of LTC/USD quotes growth with a breakdown of the resistance level with a close above the level of 200.
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