Cryptocurrency Litecoin LTC/USD is trading at the level of 42.28. The Crypto currency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The test is expected LTC/USD growth to the level of 42.50, from which it is expected to try to fall and develop the bearish trend for LTC/USD with a target to lower near the level of 34.80.
Litecoin LTC/USD prediction & analysis on July 20, 2017
Earlier, a weak signal was received for purchases of Litecoin cryptocurrency, due to the crossing of signal lines at 40.24. An additional signal in favor of a bearish trend will be a resistance area test. 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 quotations above the area of 44.70, 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 is with the breakdown of the local minimum area at 36.00.
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