Litecoin LTC/USD completes trading week near area 91. 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 is near the 83 level, from which it is expected to rebound and continue the growth of LTC/USD with a target above the level of 110.
Litecoin forecast November 27 — December 1, 2017
An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the bullish channel. Earlier, a medium strength signal was received for buy of Litecoin cryptocurrency, by crossing the signal lines at level 57. The abolition of Litecoin’s growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 65, indicating a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is at breakdown level 95.
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