Litecoin LTC/USD is trading at the level of 63.27 and continues to move within the bullish channel. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. As part of the digital currency forecast, the Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 60.50, from which one should expect a rebound and an attempt to continue LTC/USD growth with a target above the level of 69.00.
Litecoin forecast & analysis LTC/USD September 2, 2018
An additional signal in favor of growth of the Litecoin cryptocurrency will be a test of the support area, as well as a rebound from the lower border of the bullish channel. Earlier, a strong signal was received for buy of Litecoin cryptocurrency, due to crossing of the signal lines at the level of 59.00.
The abolition of the Litecoin cryptocurrency growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and a close below the level of 58.00, which will indicate a change in the bullish trend in favor of the bearish trend and the continued fall in the cryptocurrency. Expect the acceleration of LTC/USD quotes growth with the breakdown of the resistance area and the closing above the level of 64.00.
Litecoin forecast & analysis LTC/USD September 2, 2018 suggests an attempt to correct the cryptocurrency and test level of 69.00, where we can expect the Litecoin rate to continue growing with a potential target near the level of 69.00, the cancellation of the growth variant will come down and breakdown of the area of 58.00, which will indicate continued decline.
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