Litecoin forecast & analysis LTC/USD on October 19, 2017


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Litecoin LTC/USD is trading at 55. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Litecoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near level 54, from which one should expect a rebound and an attempt at LTC/USD growth with a target above the level of 60. An additional signal in favor of the growth of the cryptocurrency will be a support level test.

Litecoin forecast & analysis LTC/USD on October 19, 2017

Litecoin forecast & analysis LTC/USD on October 19, 2017

Earlier, a weak signal was received for sell of Litecoin cryptocurrency, due to crossing of signal lines at level 62. The abolition of Litecoin growth option will be the breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations below area 52, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of the crypto currency is worth a breakdown of level 58.

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