Litecoin LTC/USD is trading at the level of 309. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 300 is expected to be tested near the level of 300, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with a target above 435.
Litecoin forecast & analysis LTC/USD on December 21, 2017
Earlier we received a weak signal for sales of Litecoin cryptocurrency due to the crossing of signal lines at 310 level. the growth of Litecoin will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 240, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the LTC/USD cryptocurrency with a breakdown of the upper bound of the «Triangle» model and a close above the level of 380.
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