Litecoin LTC/USD is trading at 83.42. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud test is expected near the level of 82.00, 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 6, 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 crypt currency, due to the crossing of signal lines at 80.00.
The abolition of the Litecoin cryptocurrency growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and a close below the 77.00 area, indicating a change in the lateral trend in favor of a bearish and a 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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