Cryptocurrency Litecoin LTC/USD is trading at the level of 42.59. Quotes of the Cryptocurrency continue to move within the «Head and Shoulders» reversal pattern. That indicates a likely continuation of the decline in the area below the level of 35. It is necessary to liven up the attempt of the test of the pierced line of the neck and the continuation of the fall of LTC/USD.
Litecoin technical analysis & signals on June 26, 2017
In favor of the decline is the breakdown of the boundary of the ascending channel. Abolish the edge of the fall Litecoin will perform a level 48 breakdown, which will indicate the cancellation of the reversal pattern and the continued growth of the quotes of the crypto currency. Expect to accelerate the fall of Litecoin costs with the breakdown of level 41.
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