Litecoin LTC/USD is trading at 163. 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 155, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the 195 level.
Litecoin forecast & analysis LTC/USD on March 23, 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 154.
Cancellation of the Litecoin growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 150, indicating a change in the flat trend in favor of a bearish trend. Expect LTC/USD, subject to growth in quotations, is with the breakdown of the upper limit of the bearish channel and the closing above the level of 170.
