Litecoin LTC/USD completes the trading week near area 203. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 175, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 285. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Litecoin (LTC/USD) weekly forecast February 19 — 23, 2018
Earlier, a weak signal was received for the buy of Litecoin cryptocurrency, due to the intersection of signal lines at level 145. Cancellation of the Litecoin growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 140, which indicates a change in the flat 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 255.