Cryptocurrency Litecoin LTC/USD is trading at the level of 45.85. Quotes of the Cryptocurrency continue to move within the bullish channel. At the moment, there is an attempt to drop the LTC/USD quotes to the support area at level 35. In favor of soldering, the «Head and Shoulders» reversal pattern is forming. To expect the acceleration of the fall of Litecoin cryptocurrency is a breakdown of area 39.
LTC/USD technical analysis & signals on June 22, 2017
The abolition of the variant of model development will be a strong growth and breakdown of the 51 area, in this case the growth of quotations of Litecoin should be depressed. An additional signal in favor of the decline of LTC/USD is the formation of a reversal model «Failure swing» on the relative strength indicator, which indicates a level breakdown 39.
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