Litecoin LTC/USD completes trading week near area 54. 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 55, 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 model.
Litecoin forecast on October 30 — November 3, 2017
Earlier, a medium strength signal was obtained for the sell of Litecoin cryptocurrency, by crossing the signal lines at level 57. Canceling 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 worth a breakdown in the level of the «Neckline» of the reversal pattern and closing below 47.
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