Litecoin LTC/USD is trading at 47.75 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 3, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 46.60. Where can we expect a rebound and an attempt to continue the growth of LTC/USD with the target above the level of 53.50.
Litecoin Forecast and Analysis LTC/USD March 3, 2019
An additional signal in favor of the rise 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 weak signal was received for BUY of Litecoin cryptocurrencies. The signal was formed due to the intersection of signal lines at the level of 44.50. The nearest resistance area is at 49.50. The LTC/USD support area is at 46.00.
Cancellation of the growth option of Litecoin cryptocurrency will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below 43.95. 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 the level of 50.50.
Litecoin Forecast and Analysis LTC/USD March 3, 2019 imply an attempt to correct cryptocurrency and a test level of 46.60. Where can we expect to continue the growth of the course Litecoin with a potential goal near the level of 53.50. Cancellation of the lifting option will be the fall and the breakdown of the area of 43.95. That would indicate a continued decline in cryptocurrency with a potential goal at the level of 39.00.