Litecoin LTC/USD is trading at 55.11 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 an uptrend. As part of the Litecoin Forecast and Analysis LTC/USD March 15, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 52.55. Where should we expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 62.50.
Litecoin Forecast and Analysis LTC/USD March 15, 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. 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.
Cancellation of the growth option of the Litecoin cryptocurrency will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and close below 49.95. 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 60.45.
Litecoin Forecast and Analysis LTC/USD March 15, 2019 imply an attempt to correct cryptocurrency and a test level of 52.55. Where can we expect to continue the growth rate of Litecoin with a potential target near the level of 62.50. Cancellation option lift will make the fall and the breakdown of the area 49.95. That will indicate a continued decline in cryptocurrency with a potential goal at the level of 45.00.