Litecoin LTC/USD completes trading week near area 140. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Litecoin. Ichimoku Kinko Hyo signal line area test is near the 125 level, from which it is expected to rebound and continue growth of LTC/USD with a target above the level of 190. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel.
Litecoin (LTC/USD) weekly forecast December 11 — 15, 2017
Earlier, a medium strength signal was obtained for buy of Litecoin cryptocurrency, by crossing the signal lines at level 57. The abolition of the Litecoin growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 105, which indicates a change 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 170.
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