Litecoin LTC/USD is trading at 46.80. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Litecoin. LTC/USD is expected to fall to the upper Ichimoku Kinko Hyo Cloud area near level 45, from which it is expected to attempt a growth and further development of the bullish trend for growth near the level of 50.
Litecoin forecast & analysis LTC/USD on August 10, 2017
Earlier, a weak signal was received for buying of Litecoin cryptocurrency due to the crossing of signal lines At the level of 40.00. Cancellation of the growth scenario for Litecoin quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 41, which will indicate a change in the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations for LTC/USD is with the breakdown of the area at level 48.
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