Litecoin LTC/USD is trading at the level of 172. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 165 level, from which one should expect a rebound and an attempt to continue LTC/USD growth with a target above the 195 level.
Litecoin forecast & analysis LTC/USD on March 22, 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, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 154.
The abolition of Litecoin’s growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 150, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of LTC/USD quotations growth with the breakdown of the resistance area and the closing above the level of 180.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
