Litecoin LTC/USD is trading at the level of 45.50. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. LTC/USD is expected to rise to 46.00, from which it is expected to try to fall and further develop the bearish trend with the target of reducing near the level of 40.80.
Litecoin forecast & analysis LTC/USD on August 21, 2017
Earlier, a weak signal was received for buying of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 43.60. Canceling the variant of falling quotations Litecoin will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 47.10, 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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