Litecoin LTC/USD is trading at 91.18 and continues to move within the framework 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 8, 2019. A test of the area of the Ichimoku Kinko Hyo signal lines is expected near the 90.00 level. Where can we expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 105.05.
Litecoin Forecast and Analysis LTC/USD April 8, 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. Were previously received a weak signal for SELL the Litecoin cryptocurrency. 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 86.65.
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 86.55. 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 price growth is expected to accelerate with the breakdown of the upper limit of the Triangle model and closure above 98.05.
Litecoin Forecast and Analysis LTC/USD April 8, 2019 implies an attempt to correct cryptocurrency and test the level of 90.00. Where can we expect to continue the growth rate of Litecoin with a potential target near the level of 105.05. Cancellation option lift will fall and a breakdown of the area of 86.55. That would indicate a continued decline in cryptocurrency with a potential target at 65.65.