Litecoin LTC/USD is trading at the level of 220. The cryptocurrency is traded above Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 215 is expected to be tested near the level of 215, from which one should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 255. Earlier, a weak signal was received for the sell of Litecoin cryptocurrency due to the crossing of signal lines at level 240.
Litecoin forecast & analysis LTC/USD on January 9, 2018
By abolishing the growth option, Litecoin will become the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 195, indicating a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency LTC/USD is worth a breakdown of the level of 280.
It is not necessary to exclude the attempt to form the reversal model «Head and Shoulders». In this case, you should expect a test of the level of 255 and an attempt to drop the quotations in the area below the level of 155. By canceling the version of the model, a breakdown of the area of 275 will occur, indicating that the growth will continue.