Litecoin LTC/USD completes trading week near area 204. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Ichimoku Kinko Hyo Cloud near the 175 level is expected to be tested near the level of 175, from which one should expect a rebound and an attempt to continue LTC/USD growth with a target above the level of 280. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Litecoin (LTC/USD) forecast February 26 — March 2, 2018
Earlier, a weak signal was received for the buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 145. 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 quotations below area 145, indicating a change in the fat trend in favor of the bullish trend. Expect to accelerate the growth of the cryptocurrency is with the breakdown of the upper boundary of the indicator Cloud and the closing above 235.
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