Litecoin LTC/USD is trading at 173. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. The test area of Ichimoku Kinko Hyo signal lines near level 170 is expected, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 190.
Litecoin forecast & analysis LTC/USD May 6, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 150.
Cancellation of the growth option for Litecoin cryptocurrency will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 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.
