Litecoin LTC/USD is trading at 86.52 and continues to move as part of the correction. 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 6, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the 80.65 level. Where can we expect a rebound and an attempt to continue the growth of LTC/USD with a goal above 110.65.
Litecoin Forecast and Analysis LTC/USD April 6, 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 bullish channel. 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 60.65. The nearest resistance area is at 100.55. The LTC/USD support area is located at 80.55.
Abolishing the cryptocurrency growth option Litecoin will break the lower boundary of the Ichimoku Kinko Hyo Cloud and close below 75.55. 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 is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above 105.05.
Litecoin Forecast and Analysis LTC/USD April 6, 2019 imply an attempt to correct cryptocurrency and a test level of 80.65. Where can we expect to continue the growth rate of Litecoin with a potential goal near the level of 110.65. Cancellation of the lifting option will be the fall and the breakdown of the 75.55 area. That would indicate a continued decline in cryptocurrency with a potential goal at the level of 55.65.