Litecoin weekly forecast on October 9 — 13, 2017


Litecoin LTC/USD completes the trading week near area 52. Cryptocurrency is traded below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates a bearish trend for Litecoin. Expected test lower limit Ichimoku Kinko Hyo indicator Clouds near the level 57, where we can expect a rebound and to continue LTC/USD fall below with the target at 35.

Litecoin weekly forecast on October 9 — 13, 2017

Litecoin weekly forecast on October 9 — 13, 2017

The additional signal to perform cryptocurrency drop test resistance area. Earlier, a weak signal was received for the sell of Litecoin cryptocurrency, by crossing the signal lines at level 67. 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 quotations 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 with the breakdown of the level 42.


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