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 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 weekly forecast on October 23 — 27, 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 crypto currency is worth a breakdown in the level of the Neck line of the reversal pattern and closing below 47.
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