Litecoin LTC/USD is trading at level 39. Cryptocurrency continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo indicator area signal lines are expected near the level 40, from which one should expect an attempt to drop and develop a bearish trend over LTC/USD with a target to reducing it near level 35.
Litecoin LTC/USD prediction & analysis on July 31, 2017
Earlier, a weak signal was received for sales of Litecoin cryptocurrency, due to the crossing of signal lines at the level 44. 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 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 level 37.
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