Litecoin LTC/USD traded at 59.31 and continue to move in the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $3 392 263 372. At the moment, we can expect an attempt to test the support level near 55.50. From where it is again necessary to expect a rebound and the continuation of the growth of the course Litecoin with a target above the level of 65.00.
Litecoin forecast & technical analysis October 4, 2018
In favor of LTC/USD quotes growth, the trend line test will be performed on the relative strength index (RSI). Cancellation of the growth option will be a decline and a breakdown of the 51.50 area, which will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of the cryptocurrency rate. With the breakdown of the resistance area and the closure of quotes above the level of 62.00, we should expect confirmation of the development of the upward trend in Litecoin.
Litecoin forecast & technical analysis October 4, 2018 implies an attempt to test the support area near 55.50, where we should expect a rebound and continued growth of LTC/USD to an area above 65.00, a test in favor of Litecoin relative strength index (RSI) will act as an additional signal, the cancellation of the growth option will be the decline and the breakdown of the area of 51.50, which will indicate the continuation of the fall of the cryptocurrency.
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