Litecoin LTC/USD is trading at 60.23 and continues to move as part of growth. 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 March 24, 2019. A test of the Ichimoku Kinko Hyo signal lines is expected near the 58.00 level. 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 25, 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 62.35. The LTC/USD support area is located at 56.35.
Cancellation of the growth option of Litecoin cryptocurrency will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and close below 55.25. 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 62.65.
Litecoin Forecast and Analysis LTC/USD March 25, 2019 imply an attempt to correct cryptocurrency and a test of 58.00. 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 55.25. That would indicate a continued decline in cryptocurrency with a potential goal at the level of 48.00.