Litecoin LTC/USD is buying and selling on the stage of 208. The cryptocurrency is traded above the higher boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish pattern in Litecoin. Ichimoku Kinko Hyo sign line space take a look at is close to the extent 185, from which one ought to count on a rebound and an try to proceed the LTC/USD development with the goal above the extent of 255. An further sign in favor of the expansion of the cryptocurrency would be the take a look at of the decrease border of the channel and a take a look at of the assist stage.
Litecoin forecast & analysis LTC/USD on February 16, 2018
Earlier, a powerful sign was acquired for purchase of Litecoin cryptocurrency, as a result of crossing of sign strains at stage 145. Cancellation of the Litecoin development choice might be a breakdown of the decrease boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations beneath space 145, which is able to point out a shift within the bullish pattern in favor of the bearish pattern. Expect to speed up the expansion of quotations LTC/USD stands with the breakdown of the higher border of the channel and shutting above 230.