Litecoin LTC/USD is trading at level 41. Cryptocurrency was able to penetrate the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates a potential trend reversal in favor of the bearish Litecoin. Ichimoku Kinko Hyo Cloud is expected near the level 42, from which it is expected to try to fall and develop a bearish trend for LTC/USD with a target close to level 35.
Litecoin LTC/USD prediction & analysis on July 26, 2017
Earlier, a weak signal was received for sales of Litecoin cryptocurrency, due to crossing of signal lines at level 44. Cancellation of the variant of growth of Litecoin quotations will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 45, which will indicate 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 38.
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