Litecoin LTC/USD is trading at 40.71. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the level of 41.40, from which one should expect an attempt to drop and develop a bearish trend over LTC/USD with the target of lowering near the level of 35.00.
Litecoin forecast & analysis LTC/USD on July 28, 2017
Earlier, we received a weak signal for sales of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 44.10. Canceling the variant of falling quotes Litecoin will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations above the area of 44.60, which indicates the change of the bearish trend in favor of the bullish trend. To expect the acceleration of the drop in quotes on LTC/USD is with the breakdown of the local minimum area at the level of 36.10.
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