Litecoin LTC/USD is trading at 81.52. 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 81.00, 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 7, 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, we received a weak signal for sell of Litecoin cryptocurrency, due to the crossing of signal lines at 83.00.
The abolition of the Litecoin cryptocurrency growth option will be a 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 continued decline in the cryptocurrency. To expect the acceleration of LTC/USD quotations growth is with the breakdown of the resistance area and the closing above the level of 85.00.
