Litecoin LTC/USD is trading at 165. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the 160 level, from which it is expected to rebound and try to continue the growth of LTC/USD with a target above the level of 190.
Litecoin forecast & analysis LTC/USD on March 25, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the upper boundary of the bearish channel. Earlier, a medium strength signal was received for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 160.
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 resistance area and the closing above the level of 175.