Litecoin LTC/USD is trading at 46.16. Cryptocurrency continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Litecoin. Ichimoku Kinko Hyo indicator area signal lines are expected near the level of 43.65, from which one should expect an attempt of growth and further development of the bullish trend on LTC/USD with the target of growth near the level of 50. An additional signal in favor of the growth of the cryptocurrency quotes will be the test of the support area.
Litecoin LTC/USD prediction & analysis on August 6, 2017
Earlier, a weak signal was received for buying of Litecoin cryptocurrency, due to the crossing of signal lines at 40.00. Cancellation of the growth option for Litecoin quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 40, which will indicate a shift in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations LTC/USD stands with the breakdown of the local maximum area at the level of 47.50.
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