Litecoin LTC/USD is trading at the level of 86.41. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 84.60, from which one should expect a rebound and an attempt to continue the growth of LTC/USD with a target below 95.00.
Litecoin forecast & analysis LTC/USD July 27, 2018
An additional signal in favor of the growth of the Litecoin cryptocurrency will be a test of the support level, as well as a rebound from the lower boundary of the bullish channel. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 83.50.
The abolition of the Litecoin cryptocurrency growth option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing below 81.00, which will indicate a change in the upward trend in favor of the downward trend and the continued decline in the crypto currency. Expect to accelerate the growth of quotations LTC/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 89.90.