Litecoin forecast & analysis LTC/USD on July 28, 2017


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

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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