Litecoin LTC/USD is trading at level 150. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Ichimoku Kinko Hyo Cloud near the level 148 is expected to test, from which it is expected to rebound and try to continue the growth of LTC/USD with a target above 175.
Litecoin forecast & analysis LTC/USD May 1, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area, as well as the test of the lower boundary of the channel. Earlier, a medium strength signal was received for buy of Litecoin cryptocurrency, due to the intersection of signal lines at level 148.
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 area 140, which indicates a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations LTC/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 160.
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