Litecoin LTC/USD is trading at the level of 50. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend in Litecoin. It is expected to test the area of the signal lines of the indicator near level 48, from which we should expect a rebound and continued growth of LTC/USD with a target above the level of 57. An additional signal in favor of the growth of the cryptocurrency will be the test of the support area.
Litecoin forecast & analysis LTC/USD on August 25, 2017
Earlier, a strong signal was received for buying of Litecoin cryptocurrency, by crossing the signal lines at level 47. Canceling the Litecoin growth option would be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 45, which would indicate an bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is a breakdown of the level of 55.
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