Litecoin LTC/USD is trading at 53.85 and continues to move in line with the decline. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a downward trend. As part of the Litecoin forecast & analysis LTC/USD October 14, 2018, a test of Ichimoku Kinko Hyo signal lines is expected near the level of 56.00, from where it is necessary to expect a rebound and an attempt to continue the fall of LTC/USD with a target below the level of 46.00.
Litecoin forecast & analysis LTC/USD October 14, 2018
An additional signal in favor of the fall in cryptocurrency Litecoin will be a test of the resistance area, as well as a rebound from the upper boundary of the downward channel. Previously, a strong signal was received for sell of Litecoin cryptocurrencies, due to the crossing of signal lines at the level of 58.00.
The abolition of the Litecoin cryptocurrency fall option will be strong growth and the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closure above 59.50. This option will indicate a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. LTC/USD quotes are expected to accelerate with the breakdown of the support area and closing below 50.00.
Litecoin forecast & analysis LTC/USD October 14, 2018 suggests an attempt to correct cryptocurrency and the test level of 56.00, from which it is necessary to expect the continuation of the fall of the Litecoin course with a potential target near the level of 46.00, a strong growth and a breakdown of the 59.50 area, which indicates on the continued growth of cryptocurrency.