Litecoin LTC/USD is trading at 64.58 and continues to move within the rising 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 signal line area test is expected near the level of 62.50, from which one should expect a rebound and an attempt to continue LTC/USD growth with a target above the level of 70.00.
Litecoin forecast & analysis LTC/USD September 3, 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 crypto currency 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 67.00.
Litecoin forecast & analysis LTC/USD September 3, 2018 suggests an attempt to correct the cryptocurrency and test level of 62.50, where we can expect the Litecoin to continue growing with a potential target near the level of 70.00, the cancellation of the growth variant will drop and breakdown of the area of 58.00, which will indicate continued decline.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
