Cryptocurrency Litecoin completes the trading week near the 57 region. LTC/USD quotes are traded inside the ICHIMOKU Kinko HYO cloud. This indicates a lateral trend on Litecoin. As part of the forecast of the cryptocurrency course for the next week September 5 — 9, 2022. An attempt to develop price rise and the upper boundary of the Ishimoku indicator cloud near level 58 are expected. Where it is worthwhile to expect a rebound down and an attempt to continue the LTC/USD course with a potential goal below level 36.
Litecoin Analysis September 5 — 9, 2022
A strong signal in favor of the fall of cryptocurrency will be a test level test on the asset schedule. The second signal will be the rebound from the upper boundary of the bear canal. Previously, a weak signal for Litecoin cryptocurrency sales was received. The signal was formed due to the intersection of signal lines at 59. The nearest Litecoin resistance area is located at 62. LTC/USD support area is located at 35.
The cancellation of the Litecoin fall option at the current trade week will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo cloud with the closure of the quotes above the region 65. This will indicate the change of lateral trend in favor of the bull tendency and the continuation of the growth of the coin in price. Expecting the acceleration of the fall of cryptocurrency is with a breakdown of the support area and closing at a level of 50.
Litecoin Analysis September 5 — 9, 2022 involves an attempt to develop a correction to level 58. Where to expect a rebound and continuation of the fall of cryptocurrency with a potential goal near level 36. A composure from the upper border of the bear canal will be made in favor of a decrease. The cancellation of the option of falling the coin course will be a strong growth and breakdown of the area 65. In this case, it is worthwhile to wait for the continuation of the rise of the Litecoin digital currency with a potential goal at 75.
