Litecoin LTC/USD completes trading week near area 194. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Litecoin. The Ichimoku Kinko Hyo Cloud upper boundary test is expected near the level of 170, from which it is expected to rebound and continue the growth of LTC/USD with a target above the level of 300. An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the bullish channel.
Litecoin (LTC/USD) weekly forecast January 1 — 5, 2017
Earlier, a strong signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 225. The abolition of Litecoin growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 140, which will indicate 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 250.
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