Litecoin LTC/USD completes trading week near area 251. The cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the 225 level, from which it is expected to rebound and try to continue the growth of LTC/USD to a level above 350.
Litecoin (LTC/USD) weekly forecast January 8 — 12, 2018
Earlier, a weak signal was received for sell of Litecoin cryptocurrency, due to the crossing of signal lines at 225 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 190, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is the breakdown of the upper boundary of the bearish channel and the closing above the level of 290.