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 59 is expected to be tested near the level of 59, 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 20, 2017
Earlier, a weak signal was received for sell of Litecoin cryptocurrency, due to crossing of signal lines at level 62. Cancellation of the growth variant Litecoin will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close of quotes below area 56, which indicates a shift in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is with the level breakdown 62.