Litecoin LTC/USD is trading at the level of 63. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in Litecoin. Ichimoku Kinko Hyo signal line area test is near the level 60, from which it is expected to rebound and try to grow LTC/USD with a target above the level of 75. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Litecoin forecast & analysis LTC/USD on October 17, 2017
Earlier, a medium strength signal was obtained for buy of Litecoin cryptocurrency due to crossing of signal lines at level 51. The abolition of Litecoin growth variant will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary 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 of the level of 67.
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