Litecoin LTC/USD is trading at 41.86. Cryptocurrency continues to be traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. Ichimoku Kinko Hyo Cloud near the level 42 is expected to be tested near the level of 42, from which one should expect an attempt to drop and develop a bearish trend over LTC/USD with a target to lower near level 40.
Litecoin forecast & analysis LTC/USD on August 3, 2017
Earlier, a weak signal was obtained for buying of Litecoin cryptocurrency, due to crossing of signal lines at level 40 The cancellation of the Litecoin quotation drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 43.50, indicating a change in the lateral trend in favor of the upside.
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