Litecoin LTC/USD completes trading week near area 103. 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 90 level, from which it is expected to rebound and continue growth of LTC/USD with a target above the level of 130.
Litecoin (LTC/USD) weekly forecast December 4 — 8, 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 obtained for buy of Litecoin cryptocurrency due to the crossing of signal lines at level 57. The abolition of Litecoin growth variant will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below area 80, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of the cryptocurrency is worth a breakdown of the level of 110.