Litecoin forecast & analysis LTC/USD July 27, 2018


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Litecoin LTC/USD is trading at the level of 86.41. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Litecoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 84.60, from which one should expect a rebound and an attempt to continue the growth of LTC/USD with a target below 95.00.

Litecoin forecast & analysis LTC/USD July 27, 2018

An additional signal in favor of the growth of the Litecoin cryptocurrency will be a test of the support level, as well as a rebound from the lower boundary of the bullish channel. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 83.50.

Litecoin forecast & analysis LTC/USD July 27, 2018

The abolition of the Litecoin cryptocurrency growth option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing below 81.00, which will indicate a change in the upward trend in favor of the downward trend and the continued decline in the crypto currency. Expect to accelerate the growth of quotations LTC/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 89.90.


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