Litecoin LTC/USD is traded at the level of 76. Cryptocurrency is traded within the Ichimoku Kinko Hyo Indicator Cloud, which indicates the presence of a flat trend over Litecoin. A cloud near the 70 level is expected, from which it is expected to rebound and continue the growth of LTC/USD with a target above the level of 77. Earlier, a medium strength signal was obtained for buying of Litecoin cryptocurrency, by crossing the signal lines at level 72.
Litecoin forecast & analysis LTC/USD on September 8, 2017
Consider buying is worth a breakdown level 80. Cancellation of the Litecoin growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 67, which indicates a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is a breakdown of level 82, which indicates the breakdown of the upper boundary of the Cloud. An additional signal in favor of strong growth of the cryptocurrency is the formation of an inverted model of the «Head and Shoulders».
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