Litecoin LTC/USD is trading at 86.81 and continues to move as part of the correction and the formation of the «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 10, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 83.50. Where should we expect a rebound and an attempt to continue the growth of LTC/USD with the target above the level of 105.65.
Litecoin Forecast and Analysis LTC/USD April 10, 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 lower boundary of the model «Triangle». Were previously received a weak signal for SELL the Litecoin. The signal was formed due to the intersection of the signal lines at the level of 92.75. The nearest resistance area is at the level of 100.05. The LTC/USD support area is at 82.45.
Cancellation of the growth option of Litecoin cryptocurrency will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below 77.05. 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 upper limit of the «Triangle» model and closing above 97.45.
Litecoin Forecast and Analysis LTC/USD April 10, 2019 imply an attempt to correct cryptocurrency and test the level of 83.50. Where can we expect to continue the growth rate of Litecoin with a potential goal near the level of 105.65. Cancellation of the lifting option will be the fall and the breakdown of the 77.05 area. That would indicate a continued decline in cryptocurrency with a potential target of 67.65.