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 goal above the level of 135.
Litecoin forecast & analysis LTC/USD June 9, 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 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. 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.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
