Litecoin LTC/USD completes trading week near area 47. Cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates a bearish trend for Litecoin. The test of the lower limit of the Cloud of the indicator near the level of 50 is expected, from which it is expected to rebound and continue falling of LTC/USD with a target below level 27.
Litecoin weekly forecast on September 25 — 29, 2017
An additional signal in favor of the drop of the cryptocurrency will be a test of the resistance area. Earlier, a weak signal was received for the sales of 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 a level breakdown of 40.