Litecoin LTC/USD is trading at 44.63. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 45.20, from which one should expect an attempt to fall and further develop the bearish trend with a target to lower near level 40.60.
Litecoin forecast & analysis LTC/USD on August 15, 2017
Earlier, we received a weak signal for sales of Litecoin cryptocurrency, due to the crossing of signal lines at level 46.80. 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 quotes above the area of 47.50, 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 the level of 41.50.
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