Litecoin LTC/USD is trading at 231. The cryptocurrency is traded above the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the level 220, from which it is expected to rebound and try to continue the growth of LTC/USD with a target above the level of 260. Earlier, a weak signal was received for the sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 240.
Litecoin forecast & analysis LTC/USD on January 10, 2018
By abolishing the growth option, Litecoin will become the lower upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 195, indicating a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency LTC/USD is worth a breakdown of the level of 280. It is not necessary to exclude the attempt to form the reversal model «Head and Shoulders». In this case, you should expect a test of the level of 255 and an attempt to drop the quotations in the area below the level of 155.