Litecoin LTC/USD completes trading week near area 57. Cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates a bearish trend for Litecoin. Ichimoku Kinko Hyo indicator cloud is expected near the level 58, from which it is expected to rebound and continue falling of LTC/USD for a level below 35. An additional signal in favor of the drop of the cryptocurrency will be a test of the resistance area.
Litecoin weekly forecast on October 16 — 20, 2017
Earlier, we received a weak signal for buy of Litecoin cryptocurrency due to the crossing of signal lines at level 53. The abolition of the Litecoin fall variant will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes 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 a breakdown level of 45.