Litecoin weekly forecast on September 18 — 22, 2017


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Litecoin LTC/USD completes trading week near area 41. Cryptocurrency is traded below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates a bearish trend for Litecoin. The test of the broken border Clouds of the indicator is expected near level 44, from which one should expect a rebound and continue falling of LTC/USD with a target below level 25. An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area.

Litecoin weekly forecast on September 18 — 22, 2017

Litecoin weekly forecast on September 18 — 22, 2017

Earlier, a weak signal was received for the sales of Litecoin cryptocurrency, due to crossing of 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 54, which will indicate a bearish trend in favor of the bullish trend. Expect to accelerate the fall of the cryptocurrency is a breakdown level of 35.

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