Litecoin LTC/USD is trading at the level of 87.04 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 9, 2019. A test of the area of the Ichimoku Kinko Hyo signal lines is expected near the 85.00 level. Where can we expect a rebound and an attempt to continue the growth of LTC/USD with a target above 107.05.
Litecoin Forecast and Analysis LTC/USD April 9, 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 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 located at 82.65.
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 price growth is expected to accelerate with the breakdown of the upper limit of the Triangle model and closing above the level of 96.55.
Litecoin Forecast and Analysis LTC/USD April 9, 2019 involves an attempt to correct the cryptocurrency and the test level of 85.00. Where can we expect to continue the growth rate of Litecoin with a potential goal near the level of 107.05. 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 target at 65.65.