Litecoin LTC/USD traded at 59.31 and continue to move in the ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $3 513 749 974. At the moment, we can expect an attempt to test the support level near the 58.20 area. Where can we expect a rebound again and the continuation of the growth of the Litecoin rate with the goal above the level of 68.50.
Litecoin forecast & technical analysis October 3, 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 upper boundary of the «Triangle» model and the closure of quotes above the level of 63.00, we should expect confirmation of the development of an upward trend in Litecoin.
Litecoin forecast & technical analysis October 3, 2018 implies an attempt to test the support area near the level of 58.20, from which we should expect a rebound and continued growth of LTC/USD to the area above 68.50, cancellation of the growth option will be a decline and a breakdown of the 55.00 area, which will indicate a continuation of the fall of the cryptocurrency.
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