Litecoin weekly forecast on November 13 — 17, 2017


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Litecoin LTC/USD completes trading week near area 63. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Litecoin. The Ichimoku Kinko Hyo Cloud is expected to be tested near the level 60, from which it is expected to rebound and continue the growth of LTC/USD with a target above the level of 80.

Litecoin weekly forecast on November 13 — 17, 2017

Litecoin weekly forecast on November 13 — 17, 2017

Earlier, a signal of medium strength was obtained for buy of Litecoin cryptocurrency, by crossing the signal lines at level 57. Canceling the option the growth of Litecoin will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 53, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of the cryptocurrency is the breakdown of the upper limit of the model «Triangle» and the closure above the level of 70.

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