LTC/USD seems to be more optimistic

Litecoin has added its modest 0.77 percent in the past 24 hours. However, as for the situation in general, LTC/USD seems to be more optimistic than on Friday as LTC price is above the red descending trend line and moves along the green ascending trend line. Currently, LTC/USD tests this line and has an opportunity to move below it towards the Ichimoku cloud.

The possible scenarios for LTC/USD are the following:

1. Litecoin will develop its downside progress and reach the Ichimoku cloud. LTC price will likely break it through as the indicator is thin here. LTC/USD will reach the next support area at $134.36 in this case and will test this level.

2. The currency pair will return above the green ascending trend line and go even higher towards the closest resistance area at $138,35 to test it.

3. Litecoin will stay here without significant changes.

The currency pair is below the Ichimoku cloud on the daily timeframe. However, LTC price tests the lower border of the indicator. Nor bulls neither bears are in control over the market currently.

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