Litecoin LTC/USD completes trading week near area 202. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. The test area of Ichimoku Kinko Hyo signal lines near the level of 180 is expected, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 280.
Litecoin (LTC/USD) weekly forecast March 5 — 9, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. 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 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 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 235.
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