Litecoin LTC/USD is trading at 59.32 and continues to move within the framework of the correction and the formation of the «Bullish Triangle» model. LTC/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bullish trend. As part of the Litecoin course forecast for April 1, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the 59.05 level. Where should we expect a rebound and an attempt to continue the growth of LTC/USD with the goal above the level of 67.50.
Litecoin Forecast and Analysis LTC/USD April 1, 2019
An additional signal in favor of the growth of cryptocurrency Litecoin will be the test area of support. As well as a rebound from the bottom of the model. Previously, a strong signal was received to BUY the Litecoin. The signal was formed due to the intersection of the signal lines at the level of 58.75. The nearest resistance area is at 62.25. The LTC/USD support area is at 58.75.
Abolishing the cryptocurrency growth option Litecoin will break the lower boundary of the Ichimoku Kinko Hyo Cloud and close below 55.95. This option will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the cryptocurrency. LTC/USD price growth is expected to accelerate with the breakdown of the resistance area and closing above the level of 62.05.
Litecoin Forecast and Analysis LTC/USD April 1, 2019 imply an attempt to correct cryptocurrency and a test level of 59.05. Where do we expect to continue the growth of the Litecoin rate with a potential target near the level of 67.50. Cancellation option lift will make the fall and the breakdown of the area of 55.95. That would indicate a continued decline in cryptocurrency with a potential target at 49.65.