Litecoin LTC/USD is trading at 41.22. Cryptocurrency continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in Litecoin. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 41.50, from which one should expect an attempt to drop and develop a bearish trend over LTC/USD with a target to lower near the level of 35.20.
Litecoin LTC/USD prediction & analysis on August 2, 2017
Earlier, we received a weak signal for sales of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 44.10. Cancellation of the variant of Litecoin quotations drop will be a breakdown of the upper boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 43.70, which will indicate the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in quotations for LTC/USD is with the breakdown of the local minimum area at the level of 35.60.
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