Litecoin LTC/USD is trading at the level of 97. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Litecoin. Ichimoku Kinko Hyo signal line area test near level 95 is expected, from which we should expect a rebound and an attempt to continue LTC/USD growth with a target above the level of 115.
Litecoin forecast & analysis LTC/USD on December 5, 2017
An additional signal in favor of the growth of the cryptocurrency will be the formation of a bullish «Wolfe Wave» pattern at small time intervals.
Earlier, a strong signal was received for buy of Litecoin cryptocurrency, by crossing the signal lines at level 87. The abolition of Litecoin growth option will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below area 85, which will indicate a shift in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is worth a breakdown of the level of 105.
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