Litecoin LTC/USD is trading at 44.70. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Litecoin. LTC/USD is expected to drop to the level of 43.50, from which it is expected to try to grow and further develop the bullish trend with the target of rising near the level of 50. Earlier, a weak signal was obtained for buying of Litecoin cryptocurrency due to the crossing of signal lines at level 40.
Litecoin LTC/USD prediction & analysis on August 8, 2017
An additional signal in favor of an bullish trend will test the area of support. Cancellation of the growth scenario for Litecoin quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 41, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations for LTC/USD is with the breakdown of the local maximum area at 46.80.
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