Litecoin LTC/USD is trading at 62.11 and continues to move within the correction. The Crypto currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend. As part of the Litecoin forecast for September 29, 2018, the Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 60.00, from which one should expect a rebound and an attempt to continue LTC/USD growth with a target above the level of 70.00.
Litecoin forecast & analysis LTC/USD September 29, 2018
An additional signal in favor of growth of the Litecoin cryptocurrency will be a test of the support area. Earlier, a strong signal was received for buy of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 59.50.
Canceling the growth scenario of Litecoin crypto currency will be the fall and breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud and the closing below 55.50. This option will indicate a change in the upward trend in favor of a downward trend and the continuation of the fall of the crypto currency. Expect the acceleration of LTC/USD quotes growth with the breakdown of the resistance area and the closing above the level of 68.00.
Litecoin forecast & analysis LTC/USD September 29, 2018 suggests an attempt to correct the cryptocurrency and the 60.00 level test, where we can expect the Litecoin rate to continue growing with a potential target near the level of 70.00, the cancellation of the growth variant will come down and breakdown of the area 55.50, which will indicate continued reduction of the crypto currency.
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