Litecoin LTC/USD is trading at 38.52. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. LTC/USD is expected to rise to the level of 39.80, from which it is expected to try to fall and develop a bearish trend for LTC/USD with a target to lower near the level of 33.80.
Litecoin forecast & analysis LTC/USD on August 1, 2017
Earlier, we received a weak signal for sales of Litecoin cryptocurrency, due to the intersection 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 43.30, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in quotations for LTC/USD is with the breakdown of the local minimum area at 35.10.
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