Cryptocurrency Litecoin LTC/USD is trading at the level of 49.39. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Litecoin. The drop in LTC/USD is expected near the level of 47.50, from which one should expect an attempt to grow and develop the bullish trend for LTC/USD with a view to growth near the level of 55.10.
Litecoin LTC/USD prediction & analysis on July 7, 2017
Earlier, a strong signal was received for buying of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 41.55. An additional signal in favor of the bullish trend will be the test of the support area. Cancellation of the growth option for Litecoin quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 42.10, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations for LTC/USD is with the breakdown of the local maximum area at 54.10.
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