Litecoin LTC/USD is trading at level 58. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 57 is expected to be tested near the level of 57, from which one should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 67.
Litecoin forecast & analysis LTC/USD on November 13, 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. Cancellation 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 a breakdown level 62.
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