Litecoin LTC/USD is trading at 57.91 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 6, 2018, a test of the Ichimoku Kinko Hyo signal line is expected near the 59.00 level, from which one can expect a rebound and an attempt to continue the fall of LTC/USD with a target below the 52.00 level.
Litecoin forecast & analysis LTC/USD October 6, 2018
An additional signal in favor of the fall of cryptocurrency Litecoin will be the test of the resistance area, as well as a rebound from the lower boundary of the ascending channel. Previously, a weak signal was received for sell of Litecoin cryptocurrencies, due to the crossing of signal lines at 61.00.
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 close above the level of 62.50. 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 56.00.
Litecoin forecast & analysis LTC/USD October 6, 2018 suggests an attempt to correct cryptocurrency and the test level of 59.00, from which it is necessary to expect the continuation of the fall of the Litecoin course with a potential target near the level of 52.00, a strong growth and a breakdown of the 62.50 area, which indicates on the continued growth of cryptocurrency.
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