Litecoin LTC/USD prediction & analysis on July 19, 2017


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

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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