Litecoin LTC/USD traded at 60.37 and continue to move within the rising channel. Capitalization of the cryptocurrency at the time of publication of the forecast is $3 563 900 471. At this time, it is worth waiting for a test of the support level test near the area of 58.00. Where again we should expect a rebound and the continued growth of the Litecoin exchange rate with a target above the level of 67.50.
Litecoin forecast & technical analysis October 2, 2018
In favor of LTC/USD quotes growth, the trend line test will be performed on the relative strength index (RSI). Canceling the variant of growth will be a decrease and breakdown of the area of 55.00, which will indicate the breakdown of the lower border of the channel and the continued fall in the rate of the cryptocurrency. With the breakdown of the support resistance and the closing of quotations above the level of 63.00, we should expect confirmation of the development of the upward trend in Litecoin.
Litecoin forecast & technical analysis October 2, 2018 assumes an attempt to test the support area near the level of 58.00, from which it is expected to rebound and continue growth of LTC/USD to the area above the level of 67.50, an additional signal in favor of Litecoin growth will be a trend line test on the relative strength index (RSI), the cancellation of the variant of growth will be a decrease and breakdown of the area 55.00, which will indicate the continuation of the fall of the cryptocurrency.
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