Litecoin LTC/USD is trading at the level of 45.35. 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 44, from which it is expected to attempt an increase and further development of the bullish trend with a target to growth near level 50.
Litecoin LTC/USD prediction & analysis on August 9, 2017
Earlier, a weak signal was received for buying of Litecoin cryptocurrency due to the crossing of signal lines at 40.00. An additional signal in favor of the bullish trend will be a test of the support area. 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 for LTC/USD is with the breakdown of the local maximum area at 47.
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