Litecoin LTC/USD is trading at 62. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. Ichimoku Kinko Hyo signal line area test near level 60 is expected, from which we should expect a rebound and an attempt to continue LTC/USD growth with a goal above the level of 70.
Litecoin forecast & analysis LTC/USD on November 10, 2017
An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the bullish channel. Earlier, a weak signal was received for buy of Litecoin cryptocurrency due to crossing of signal lines at level 53. Cancellation of the Litecoin growth option will be the breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations below area 55, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of the cryptocurrency is with the level breakdown 63.
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