Litecoin LTC/USD is trading at 40.68. Cryptocurrency continues to be traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Litecoin. The upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 44, from which one should expect an attempt to correct and develop the bullish trend for LTC/USD with a target to growth near level 52.
Litecoin LTC/USD prediction & analysis on July 21, 2017
Earlier, a weak signal was obtained for buying of Litecoin crypto currency, due to crossing of signal lines at 40.24 . Cancellation of the variant of growth of Litecoin quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 38, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of LTC/USD quotes growth with the breakdown of the local minimum area at 45. In favor of the growth of quotations, the reversal head and shoulders form a reversal pattern.
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