Litecoin LTC/USD is trading at 85.38. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. The test area of the Ichimoku Kinko Hyo signal lines is expected near the level of 82.00, from which one should expect a rebound and an attempt at LTC/USD growth with a target above the level of 100.00
Litecoin forecast & analysis LTC/USD July 4, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the upper boundary of the bearish channel. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the intersection of signal lines at 80.00.
The abolition of the Litecoin cryptocurrency growth option will be the breakdown of the lower Ichimoku Kinko Hyo Cloud and the closing below the 75.00 area, indicating a change in the flat trend in favor of the bearish trend and the continued decline in the cryptocurrency. To expect confirmation of the growth of LTC/USD quotes stands with the breakdown of the resistance area and the closing above the level of 90.00.
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