Litecoin LTC/USD is traded at the level of 60. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 58 is expected to be tested near the level 58, from which one should expect a rebound and an attempt of LTC/USD growth with a goal above the level of 70.
Litecoin forecast & analysis LTC/USD on October 18, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a medium strength signal was obtained for buy of Litecoin cryptocurrency, by crossing the signal lines at level 51. Canceling the Litecoin growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 50, which indicates 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 65.
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