Crypto currency Litecoin LTC / USD is trading at 70.70. The Crypto currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in Litecoin. It is expected to test the area of signal lines of the indicator near level 62, from which it is expected to rebound and continue the growth of LTC / USD with a target above level 75.
An additional signal in favor of the growth of the crypto currency will be the test of the lower boundary of the rising channel. Earlier, a strong signal was received for purchases of Litecoin crypto currency, by crossing the signal lines at level 47. The abolition of Litecoin's growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 53, indicating a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of the crypto currency is a breakdown of the level of 65.