Litecoin LTC/USD is trading at the level of 119. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the level 118, from which it is expected to rebound and try to grow LTC/USD with a target above the level of 135.
Litecoin forecast & analysis LTC/USD June 10, 2018
An additional signal in favor of the growth of the cryptocurrency will be a support level test, as well as a test of the lower bound of the «Triangle» model. Earlier, we received a weak signal for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 121.
The abolition of the Litecoin crypto currency growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and a close below area 115, indicating a change in the bullish trend in favor of a bearish and the continued fall in the cryptocurrency. Expect the acceleration of LTC/USD quotes growth with the breakdown of the upper bound of the «Triangle» model and the closing above the level of 125.
