Litecoin LTC/USD is trading at 130. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. The Ichimoku Kinko Hyo Cloud lower limit test is expected near level 120, from which one should expect a rebound and an attempt to continue LTC/USD growth with a target above level 140.
Litecoin forecast & analysis LTC/USD April 4, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at level 117.
Cancellation of the Litecoin growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 115, which indicates a change in the flat trend in favor of a bearish trend. Expect the acceleration of LTC/USD quotations growth with the breakdown of the upper limit of the bearish channel and the closing above the level of 145.