Litecoin LTC/USD is trading at 81.93. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 80.60, from which it is expected to rebound and try to grow LTC/USD with a target above 95.00
Litecoin forecast & analysis LTC/USD July 10, 2018
An additional signal in favor of the growth of the Litecoin cryptocurrency will be a support level test, as well as a lower channel test. Earlier, a medium strength signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at 83.00.
The abolition of the Litecoin cryptocurrency growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below the 79.00 area, which indicates a change in the flat trend in favor of the bearish trend and the continued fall of the crypto currency. Expect an acceleration in the growth of LTC/USD quotations and the resumption of the upward trend is due to the breakdown of the upper boundary of the descending channel and the closing above the level of 84.00.
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