Litecoin LTC/USD is trading at the level of 63. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 60 is expected to be tested near the level 60, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 67.
Litecoin prediction & analysis LTC/USD on November 16, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the bullish channel. Earlier, a medium strength signal was received for buy of Litecoin cryptocurrency, by crossing the signal lines at level 59. Canceling 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 57, which indicates a shift in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is a breakdown of the level of 65.
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