Litecoin LTC/USD is trading at 83.40. 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 81.50 level, from which one should expect a rebound and an attempt to continue LTC/USD growth with a target above 91.50.
Litecoin forecast & analysis LTC/USD July 22, 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 chnanel. Earlier, we received a weak signal for sell of Litecoin cryptocurrency, due to the crossing of signal lines at 85.00.
The abolition of 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 77.00, which will indicate a change in the bullish trend in favor of the bearish trend and the continuation of the fall of the cryptocurrency. To expect the acceleration of LTC/USD quotes growth is with the breakdown of the resistance area and the closing above the level of 87.00.
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