Litecoin Forecast 13th September 2017

Cryptocurrency Litecoin is trading at 66.37. Quotes LTC/USD continue to move below the moving average level, which indicates the development of a bearish trend. At the moment, we should expect a test of the moving average area near level 68 and the continuation of Litecoin quotations lowering below 58.

An additional signal in favor of the Litecoin fall will be a test of level 80 on the Stochastic indicator, which will form a strong signal for sales of cryptocurrency. The cancellation of the drop in LTC/USD quotations will result in a strong growth and breakdown of the region 73, which will indicate the continued growth of the cryptocurrency. With the breakdown of the local minimum level and the closing of quotations below area 61, it is expected to accelerate the development of the bearish trend.