Litecoin LTC/USD is trading at 39.14 and continues to move as part of growth. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend.
As part of the Litecoin prediction & analysis LTC/USD January 8, 2019, a test of the area of the Ichimoku Kinko Hyo signal lines near the level of 36.00 is expected. Where can we expect a rebound and an attempt to continue the growth of LTC/USD with the goal above the level of 47.00.
Litecoin prediction & analysis LTC/USD January 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 30.50.
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 30.00. 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 41.50.
Litecoin prediction & analysis LTC/USD January 8, 2019 implies an attempt to correct cryptocurrency and a test level of 36.00. Where can we expect to continue the growth rate of Litecoin with a potential goal near the level of 47.00. Cancellation of growth option will make the fall and the breakdown of the area 30.00. What will indicate a continued decline in cryptocurrency.