Litecoin LTC/USD is trading at 41.43. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a change in the trend in favor of the bearish Litecoin. Ichimoku Kinko Hyo indicator area test is expected near the level of 43.60, from which it is expected to decrease and further development of the bearish trend with a target near level 38.
Litecoin prediction & analysis LTC/USD on August 16, 2017
An additional signal in favor of the drop will be a test of the resistance area. Previously received a weak signal for cryptocurrency Litecoin sales, due to the crossing of the signal lines at the level of 47. Cancellation option litecoin fall of quotations will sample cloud tops Ichimoku Kinko Hyo with closing quotations above the area 45, which will indicate the shift bearish trend in favor of the rising.
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