Litecoin LTC/USD is trading at 59.24 and continues to move within the growth and ascending channel. 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 Forecast and Analysis LTC/USD March 21, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 57.25. 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 21, 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 59.35. The nearest resistance area is at 62.50. The LTC/USD support area is at 56.50.
Abolishing the cryptocurrency growth option Litecoin will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary and the closure below 54.50. 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 price growth is expected to accelerate with the breakdown of the resistance area and closing above the level of 62.75.
Litecoin Forecast and Analysis LTC/USD March 21, 2019 imply an attempt to correct cryptocurrency and a test level of 57.25. Where can we expect to continue the growth rate of Litecoin with a potential goal near the level of 68.00. Cancellation of the lifting option will be the fall and the breakdown of the area of 54.50. That would indicate a continued decline in cryptocurrency with a potential goal at the level of 48.00.