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 120, from which one should expect a rebound and an attempt at LTC/USD growth with a goal above the level of 135.
Litecoin forecast & analysis LTC/USD June 8, 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 upper boundary of the bearish 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 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 shift in the bullish trend in favor of a 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 descending channel and the closing above the level of 125.
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