Litecoin LTC/USD is trading at the level of 70. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Litecoin. The Ichimoku Kinko Hyo signal line area test is near the level 68, from which we expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 80.
Litecoin prediction & analysis LTC/USD on November 23, 2017
Earlier, a medium strength signal was obtained for buy of Litecoin cryptocurrency due to the crossing of signal lines at level 59. Withdrawal the Litecoin growth scenario will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 62, which will indicate a shift in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the crypto currency is the breakdown of the upper limit of the model «Triangle» and the closure above the level of 73.
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