A look ahead Litecoin forecast October 16 — 20, 2017

• expected to rebound and continue falling
  
  
• we received a weak signal for buy of Litecoin
  
  
• we will keep to look this market attract customers
  

Litecoin LTC/USD completes trading week near area 57. 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 58, from which it is expected to rebound and continue falling of LTC/USD for a level below 35. An additional signal in favor of the drop of the cryptocurrency will be a test of the resistance area

Litecoin to begin with dipped lower, attaining towards the $49 stage before finding shopping for pressure. We broke out towards the fifty four level, and i think there's a vast amount of resistance at the $55 level. In the end, this is a marketplace that should hold to provide buying possibilities on pullbacks, and it’s probable that we will keep to look this market attract customers because the circulate has been very apparent. But, shopping for at the intense highs of the day might be a totally unstable element to do.