Cryptocurrency Litecoin LTC/USD is trading at level 40. Cryptocurrency continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for Litecoin. Ichimoku Kinko Hyo signal line area test is near the level 43, from which it is expected to try to drop and develop the bearish trend over LTC/USD with the target of reducing near the level of 35.
Litecoin LTC/USD prediction & analysis on July 17, 2017
Earlier, a weak signal was received for buying of Litecoin cryptocurrency due to crossing of signal lines at 45.34 . The abolition of the Litecoin quotation drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 49.00 area, 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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