Litecoin LTC/USD completes trading week near area 53. Cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates a bearish trend for Litecoin. Ichimoku Kinko Hyo indicator area signal lines are expected near the level 57, from which it is expected to rebound and continue falling LTC/USD for a level below 35. An additional signal in favor of the fall of the cryptocurrency is the formation of the «Head and Shoulders» reversal pattern.
Litecoin weekly forecast on October 2 — 6, 2017
Earlier, a weak signal was received for the sell Litecoin cryptocurrency, by crossing the signal lines at level 67. The cancellation of the Litecoin fall variant will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above area 65, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is with the breakdown of the level 42.