Litecoin LTC/USD is trading at 51.10 and continues to move as part of growth. LTC/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend. As part of the Litecoin Forecast and Analysis LTC/USD February 25, 2019. A test of the area of Ichimoku Kinko Hyo signal lines near the level of 48.55 is expected. Where should we expect a rebound and an attempt to continue the growth of LTC/USD with the goal above the level of 60.50.
Litecoin Forecast and Analysis LTC/USD February 25, 2019
An additional signal in favor of the growth of cryptocurrency Litecoin will be the test area of support. As well as a rebound from the lower boundary of the bullish channel. Previously, a strong signal was received for BUY of Litecoin cryptocurrencies. The signal was formed due to the crossing of signal lines at the level of 41.55. The nearest resistance area is at 52.50. The LTC/USD support area is at 47.50.
Abolishing the cryptocurrency growth option Litecoin will break the lower boundary of the Ichimoku Kinko Hyo Cloud and close below 44.55. This option will indicate a change in the upward trend in favor of the downward trend and the continued decline in cryptocurrency. LTC/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above the level of 53.45.
Litecoin Forecast and Analysis LTC/USD February 25, 2019 imply an attempt to correct cryptocurrency and a test level of 48.55. Where can we expect to continue the growth rate of Litecoin with a potential target near the level of 60.50. Cancellation of growth option will make the fall and the breakdown of the area of 44.55. That would indicate a continued decline in cryptocurrency with a potential goal at the level of 38.00.