Cryptocurrency Litecoin LTC/USD is trading at the level of 39.50. The Cloud of Ichimoku Kinko Hyo broke through the cryptocurrency and began to trade below its lower limit, which indicates a bearish trend in Litecoin. The Ichimoku Kinko Hyo Cloud lower limit test is expected near 40.20, from which one should expect an attempt to fall and develop a bearish trend over LTC/USD with a view to lower near the level of 33.20.
Litecoin LTC/USD prediction & analysis on July 1, 2017
Earlier, a weak signal was received for buying of Litecoin cryptocurrency, due to the crossing of signal lines at 38.20. An additional signal in favor of a downward trend will be a resistance area test. Canceling the variant of falling quotations Litecoin will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 43.70, which indicates the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in quotations for LTC/USD, with the breakdown of the local minimum area at 34.70.
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