Litecoin LTC/USD is trading at 61.63 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 & analysis LTC/USD September 30, 2018, the Ichimoku Kinko Hyo Cloud upper boundary test is expected near the level of 60.00, from which it is expected to rebound and try to continue the growth of LTC/USD with a target above the level of 70.00.
Litecoin forecast & analysis LTC/USD September 30, 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, a strong signal was received for purchases of Litecoin cryptocurrency, due to the crossing of signal lines at the level of 59.50.
Cancellation of the growth scenario of the Litecoin cryptocurrency will be the fall and breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the close below 56.00. 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 65.00.
Litecoin forecast & analysis LTC/USD September 30, 2018 presupposes an attempt to correct the cryptocurrency and test level 60.00, where we can expect the Litecoin to continue growing with a potential target near the level of 70.00, the cancellation of the growth variant will come down and the breakdown of the 56.00 area, which will indicate continued reduction of the cryptocurrency.
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