Litecoin LTC/USD is trading at level 75. Cryptocurrency is traded inside the Ichimoku Kinko Hyo Indicator Cloud, which indicates the presence of a flat trend for Litecoin. A cloud near the 70 level is expected, from which it is expected to rebound and continue the growth of LTC/USD with a target above the level of 77. Earlier, a weak signal was obtained for sales of Litecoin cryptocurrency, due to the crossing of signal lines at level 78.
Litecoin prediction & analysis LTC/USD on September 7, 2017
The abolition of Litecoin growth scenario will be a breakdown the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below the area of 67, which indicates a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is a breakdown of level 82, which indicates the breakdown of the upper boundary of the Cloud. An additional signal in favor of strong growth of the cryptocurrency is the formation of an inverted model of the «Head and Shoulders».
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