Litecoin LTC/USD is trading at 91.95 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 7, 2019. A test of the area of Ichimoku Kinko Hyo signal lines is expected near the 88.15 level. Where can we expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 115.05.
Litecoin Forecast and Analysis LTC/USD April 7, 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 rising 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.
Cancellation of the growth option of Litecoin cryptocurrency will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and close below 77.55. 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 quotations with the breakdown of the upper boundary of the Triangle model and closing above the level of 100.05.
Litecoin Forecast and Analysis LTC/USD April 7, 2019 imply an attempt to correct cryptocurrency and test the level of 88.15. Where can we expect to continue the growth rate of Litecoin with a potential goal near the level of 115.05. Cancellation of the lifting option will be the fall and the breakdown of the 77.55 area. That would indicate a continued decline in cryptocurrency with a potential target at 57.65.