Litecoin LTC/USD is trading at the level of 86.82. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the 82.50 level, from which it is expected to rebound and try to continue the growth of LTC/USD with a target above 95.00.
Litecoin forecast & analysis LTC/USD July 20, 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 trend and the continued fall in the cryptocurrency. Expect the acceleration of LTC/USD quotes growth with the breakdown of the channel’s upper boundary and the closing above the level of 92.50.
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