Litecoin LTC/USD is trading at the level of 121. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the level 119, 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 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, 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 cryptocurrency growth scenario will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below area 114, which will indicate a shift in the bullish trend in favor of the bearish trend and the continued fall in the cryptocurrency. Expect the acceleration of LTC/USD quotes growth with the breakdown of the upper boundary of the bearish channel and the closing above the level of 125.
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