Litecoin LTC/USD is trading at 59. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Litecoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near level 58, from which we expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 65.
Litecoin forecast & analysis LTC/USD on November 12, 2017
An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the bullish channel and a test of the support level. Earlier, a weak signal was received for the sell of Litecoin cryptocurrency, due to crossing of signal lines at level 59. The abolition of Litecoin growth option will be the breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotes below area 55, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is with the level breakdown 62.
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