Litecoin forecast and analyst LTC/USD on 11 Oct 2018

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Litecoin forecast and analyst LTC/USD on 11 Oct 2018

Cryptocurrency Litecoin LTC/USD is trading at the level of 57.99 and continues movement in the correction. Cryptocurrency trading below the lower border of the Ichimoku Kinko Hyo Cloud, indicating a downward trend. Under forecast rate Litecoin to 11 November 2018, is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near 58.50 level where we can expect rebound and attempt to continue falling LTC/USD with a target below the level of 52.00.

Litecoin forecast and analyst LTC/USD on 11 Oct 2018

Additional signal in favor of the fall of Litecoin will perform the test of resistance and rebounded from the upper border of the descending channel. Earlier it was obtained a strong signal for sales of the cryptocurrency Litecoin, due to the intersection of the signal lines at the level of 58.00.

The cancellation option drop Litecoin will be a strong rise and break of the upper border of the Ichimoku Kinko Hyo Cloud and close above 61.50. This option will point to a change in the downward trend in favor of a rising trend and continued growth of the cryptocurrency. Expected to accelerate the drop in prices of LTC/USD is a breakout of the support area and closing below the level of 56.00.

Thus, the Litecoin forecast and analyst LTC/USD on October 11, 2018 is an attempt cryptocurrency correction and test the level of 58.50, where we can expect further rate fall of Litecoin with a potential target near the level of 52.00, cancellation of risk will deliver strong growth and the breakdown region 61.50, which indicates continued growth of the cryptocurrency.

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