Litecoin LTC/USD is trading at 53. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 52 is expected to be tested near the level of 52, from which it is expected to continue the growth of LTC/USD with a target above the level of 55.
Litecoin forecast & analysis LTC/USD on October 9, 2017
Earlier, a weak signal was received for buy of Litecoin cryptocurrency due to crossing of signal lines at level 51. Cancellation of Litecoin growth option will be breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 50, which indicates the change of the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is the breakdown of the upper boundary of the «Triangle» model and the closing above the level of 57.