Litecoin LTC/USD is trading at 61.03 and continues to move within the correction. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend. As part of the Litecoin forecast & analysis LTC/USD October 1, 2018, the Ichimoku Kinko Hyo Cloud upper boundary test is expected near the level of 60.00, from which we should expect a rebound and an attempt to continue the growth of LTC/USD with a target above 68.00.
Litecoin forecast & analysis LTC/USD October 1, 2018
An additional signal in favor of growth of the Litecoin cryptocurrency will be a test of the support area, as well as a rebound from the lower border of the rising channel. Earlier, we received a weak signal for sales of Litecoin cryptocurrency, due to the crossing of signal lines at 61.00.
The abolition of the Litecoin cryptocurrency growth scenario will be the fall and breakdown of the Ichimoku Kinko Hyo lower cloud boundary and the closing below the level of 56.50. This option will indicate a change in the upward trend in favor of a downward trend and the continuation of the fall of the cryptocurrency. Expect the acceleration of LTC/USD quotes growth with the breakdown of the resistance area and the closing above the level of 64.00.
Litecoin forecast & analysis LTC/USD October 1, 2018 suggest an attempt to correct the cryptocurrency and the 60.00 level test, where we can expect Litecoin to continue growing with a potential target near the level of 68.00, the cancellation of the growth variant will be followed by a fall and breakdown of the area of 56.50, continued reduction of the cryptocurrency.
