Litecoin LTC/USD is trading at 47.01. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Litecoin. A full test of the upper boundary of the Ichimoku Kinko Hyo Cloud near the level of 46.00 is expected, from which one should expect an attempt at growth and development of the bullish trend for LTC/USD with a target to growth near the level of 57.00.
Litecoin LTC/USD prediction & analysis on July 9, 2017
Earlier, we received a weak signal for sales of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 48.50. An additional signal in favor of the development of the bullish trend is the rebound of quotations from the support area. The cancellation of the growth scenario for Litecoin quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 42.50, 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 the level of 50.50.
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