Litecoin LTC/USD is trading at level 54. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the level 53, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 60.
Litecoin forecast & analysis LTC/USD on November 7, 2017
Earlier, we received a weak signal for buy of Litecoin cryptocurrency due to crossing of signal lines at level 53. The cancellation of the growth of Litecoin will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 50, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is a breakdown of the level of 57.
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