Litecoin forecast & analysis LTC/USD on July 29, 2017


Litecoin LTC/USD is trading at 40.11. Cryptocurrency continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a downward trend in Litecoin. Ichimoku Kinko Hyo Cloud near the level 41.10 is expected to be tested, from which one should expect an attempt to drop and develop a bearish trend over LTC/USD with a target to lower near the level of 33.70.

Litecoin forecast & analysis LTC/USD on July 29, 2017

Litecoin forecast & analysis LTC/USD on July 29, 2017

Earlier, we received a weak signal for sales of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 44.10. Cancellation of the variant of Litecoin quotations drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of ​​44.40, which will indicate 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 35.50.


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