Litecoin LTC/USD is trading at 125. 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 120 level, from which it is expected to rebound and try to grow LTC/USD with a target above level 140.
Litecoin forecast & analysis LTC/USD June 4, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 117.
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 area 115, indicating a shift in the bullish trend in favor of a bearish and the continued fall in the cryptocurrency. To expect confirmation of the growth of LTC/USD quotes stands with the breakdown of the upper boundary of the descending channel and the closing above the level of 130.
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