Litecoin LTC/USD is trading at 55.03 and continues to move in 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 8, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 52.00. Where can we expect a rebound and an attempt to continue the growth of LTC/USD with the target above the level of 62.00.

Litecoin Forecast and Analysis LTC/USD March 8, 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 signal lines at the level of 46.75. The nearest resistance area is at 55.00. The LTC/USD support area is at 50.00.

Litecoin Forecast and Analysis LTC/USD March 8, 2019

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 the level of 48.25. 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 is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above the level of 58.25.

Litecoin Forecast and Analysis LTC/USD March 8, 2019 imply an attempt to correct cryptocurrency and a test level of 52.00. Where can we expect to continue the growth rate of Litecoin with a potential target near the level of 62.00. Cancellation of the lifting option will be the fall and the breakdown of the area of ​​48.25. That would indicate a continued decline in cryptocurrency with a potential goal at 42.00.