Litecoin LTC/USD is trading at 89.64. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. The test area of Ichimoku Kinko Hyo signal lines near the level of 85.50 is expected, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 100.00.
Litecoin forecast & analysis LTC/USD July 19, 2018
An additional signal in favor of growth of the Litecoin cryptocurrency will be a support level test, as well as a test of the lower border of the channel. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 76.65.
The abolition of the Litecoin crypto currency growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below the 78.00 area, which will indicate a change in the bullish trend in favor of a bearish and the continued fall in the cryptocurrency. Expect to accelerate the growth of LTC/USD quotes with a breakdown of the channel’s upper limit and a close above 92.00.
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