Litecoin LTC/USD is trading at 58.65 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 20, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 55.70. Where can we expect a rebound and an attempt to continue the growth of LTC/USD with a target above 66.00.
Litecoin Forecast and Analysis LTC/USD March 20, 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 cryptocurrency. The signal was formed due to the intersection of the signal lines at the level of 54.55. The nearest resistance area is at 62.50. The LTC/USD support area is at 56.00.
Cancellation of the growth option of Litecoin cryptocurrency will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud and close below the level of 53.50. 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 62.50.
Litecoin Forecast and Analysis LTC/USD March 20, 2019 implies an attempt to correct cryptocurrency and a test level of 55.70. Where can we expect to continue the growth rate of Litecoin with a potential goal near the level of 66.00. Cancellation option lift will make the fall and the breakdown of the area 53.50. That would indicate a continued decline in cryptocurrency with a potential goal at 46.00.