Litecoin LTC/USD is trading at 84. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 83 is expected to be tested near the level 83, from which one should expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 100.
Litecoin prediction & analysis LTC/USD on December 2, 2017
An additional signal in favor of the growth of the cryptocurrency is the formation of the «Head and Shoulders» reversal model.
Earlier, a weak signal was received for sell of Litecoin cryptocurrency, due to the crossing of signal lines at level 87. The abolition of Litecoin growth option will be the breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations below area 78, 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 of 90.
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