Litecoin LTC/USD is trading at the level of 45.85. Cryptocurrency continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 45.90, from which one should expect an attempt to fall and develop a bearish trend over LTC/USD with a target to reducing near the level of 38.20.
Litecoin LTC/USD prediction & analysis on July 13, 2017
Earlier, a medium strength signal was received for sales of Litecoin crypto currency, due to crossing of signal lines at the level of 47.30. Canceling the variant of falling quotes Litecoin will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 50.00, which indicates a change in 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 40.00.
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