Litecoin LTC/USD is trading at the level of 162. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the 155 level, from which it is expected to rebound and try to continue the growth of LTC/USD with a goal above the level of 190.
Litecoin forecast & analysis LTC/USD on March 24, 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 154.
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 the area of 150, indicating a change in the flat trend in favor of a bearish trend. To expect confirmation of the growth of LTC/USD quotes stands with the breakdown of the upper limit of the bearish channel and the closing above the level of 170.