Litecoin LTC/USD is trading at 98. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. The Ichimoku Kinko Hyo signal line area test is expected near the level 96, from which one should expect a rebound and an attempt to continue LTC/USD growth with a target above the level of 115.
Litecoin forecast & analysis LTC/USD on December 7, 2017
Earlier, a weak signal was received for the sell of Litecoin cryptocurrency, by crossing the signal lines at level 100. Canceling the option the growth of Litecoin will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 87, 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 limit of the model «Triangle» and the closing above the level of 102.