Litecoin LTC/USD is trading at 82.21. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud test is expected near the level of 80.00, from which it is expected to rebound and try to continue the growth of LTC/USD with a target above the level of 90.00.
Litecoin forecast & analysis LTC/USD July 17, 2018
An additional signal in favor of the growth of the Litecoin cryptocurrency will be a test of the support level. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 76.65.
Canceling the growth option for Litecoin cryptocurrency will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below the area of 75.00, which will indicate a change in the bullish trend in favor of the bearish trend and the continued fall of the cryptocurrency. To expect the acceleration of LTC/USD quotations growth is with the breakdown of the resistance area and the closing above the level of 85.00.
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