Litecoin LTC/USD is trading at 48.80. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Litecoin. Ichimoku Kinko Hyo Cloud near the 47.00 level is expected to be tightly tested, from where one should expect an attempt to grow and develop the bullish trend over LTC/USD for the target of growth above the level of 57.00.
Litecoin LTC/USD prediction & analysis on July 10, 2017
Earlier, we received a weak signal for sales of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 48.50. An additional signal in favor of the development of the bullish trend is the rebound of quotations from the support area. Cancellation of the variant of growth of Litecoin quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 43, which will indicate a change 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 the level of 50.50.
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