Litecoin LTC/USD is trading at the level of 42.43. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in Litecoin. Ichimoku Kinko Hyo indicator area signal lines are expected near the level of 43.60, from which it is expected to decrease and further develop the bearish trend with a target near level 38.
Litecoin forecast & analysis LTC/USD on August 17, 2017
An additional signal in favor of the fall will be a test of the resistance area. Earlier, a weak signal was received for sales of Litecoin cryptocurrency, due to the crossing of signal lines at level 47. The abolition of the Litecoin quotation drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 45, indicating a bearish trend in favor of an bullish trend.
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