Litecoin LTC/USD is trading at 91. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. Ichimoku Kinko Hyo signal line area test is near the level of 88, from which it is expected to rebound and try to continue the growth of LTC/USD with a target higher than level 105.
Litecoin prediction & analysis LTC/USD on November 29, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a medium strength signal was obtained for buy of Litecoin cryptocurrency due to the crossing of signal lines at level 59. The abolition of Litecoin growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below area 75, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is at breakdown level 95.
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