Litecoin LTC/USD is trading at 46.07. 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 45.20, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 51.60.
Litecoin prediction & analysis LTC/USD on August 12, 2017
Earlier, we received a weak signal for sales of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 46.80. 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 the area of 43.60, 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 50.80.
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