Cryptocurrency Litecoin LTC/USD is trading at the level of 42.14. Cryptocurrency continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the level of 43.00, 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 34.30. Earlier, a weak signal was received for purchases of Litecoin cryptocurrency, due to the crossing of signal lines at 40.24.
Litecoin LTC/USD prediction & analysis on July 19, 2017
An additional signal in favor of a bearish trend will be a resistance area test. Cancellation of the variant of the Litecoin quotations drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 44.50, which will indicate the change of the bearish trend in favor of the bullish trend. To expect the acceleration of the drop in quotes on LTC/USD is with the breakdown of the local minimum area at the level of 36.10.
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