Litecoin LTC/USD is trading at 56.01 and continues to move as part of growth. LTC/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend. As part of the Litecoin Forecast and Analysis LTC/USD March 12, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 53.15. Where can we expect a rebound and an attempt to continue the growth of LTC/USD with the goal above the level of 68.00.
Litecoin Forecast and Analysis LTC/USD March 12, 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. Earlier, a medium strength signal has been received for BUY the Litecoin. The signal was formed due to the intersection of signal lines at the level of 46.75. The nearest resistance area is at 60.00. The LTC/USD support area is at 52.00.
Abolishing the cryptocurrency growth option Litecoin will break the lower boundary of the Ichimoku Kinko Hyo Cloud and close below 49.85. 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 the level of 60.55.
Litecoin Forecast and Analysis LTC/USD March 12, 2019 imply an attempt to correct cryptocurrency and a test level of 53.15. Where can we expect to continue the growth rate of Litecoin with a potential goal near the level of 68.00. Cancellation option lift will make the fall and the breakdown of the area 49.85. That will indicate a continued decline in cryptocurrency with a potential target at the level of 45.00.