Litecoin LTC/USD is trading at level 60. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend in Litecoin. It is expected to test the area of the signal lines of the indicator near level 55, from which it is expected to rebound and continue the growth of LTC/USD with a target above the level of 70.
Litecoin prediction & analysis LTC/USD on August 29, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the support area. Earlier, a strong signal was received for buying of Litecoin cryptocurrency, by crossing the signal lines at level 47. The abolition of Litecoin’s growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 53, indicating a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of the cryptocurrency is a breakdown of the level of 65.
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