Litecoin LTC/USD completes trading week near area 211. The 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 Cloud near the level 200 is expected to be tested near the 200 level, from which one should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 340.
Litecoin (LTC/USD) weekly forecast January 15 — 19, 2018
Earlier, a signal of medium strength was obtained for buy of Litecoin cryptocurrency, by crossing signal lines at 235 level. 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 160, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the crypto currency is the breakdown of the upper limit of the model «Triangle» and closing above the level of 290.
