Litecoin LTC/USD is trading at the level of 86.88. 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 level of 83.00, from which it is expected to rebound and try to grow LTC/USD with a target above the level of 100.00
Litecoin forecast & analysis LTC/USD July 5, 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 lower border of the channel. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at 80.00.
The abolition of the Litecoin cryptocurrency growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below the area of 76.00, which will indicate a change in the bullish trend in favor of the bearish trend and the continued decline in the cryptocurrency. Expect the acceleration of LTC/USD quotations growth with the breakdown of the resistance area and the closing above the level of 90.00.
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