Litecoin forecast and analyst LTC/USD on 31 August 2018

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Litecoin forecast and analyst LTC/USD on 31 August 2018

Cryptocurrency Litecoin LTC/USD is trading at 58.45 and continues to move within rising channel. Cryptocurrency trading above the upper boundary of the Clouds Ichimoku Kinko Hyo, which indicates the presence of a rising trend for Litecoin. Under the forecast of the digital currency, is expected to test the upper border of the Ichimoku Kinko Hyo Cloud near the level of 57.50, where we can expect rebound and attempt to continue the growth of LTC/USD with a target above the level of 66.50.

Litecoin forecast and analyst LTC/USD on 31 August 2018

Additional signal in favor of the growth of Litecoin will perform test support area and rebound from the lower boundary of the rising channel. Was previously received signal average strength for shopping Litecoin, due to the intersection of the signal lines at the level of 55.00.

Cancellation option growth Litecoin will be a breakout of the lower border of the Ichimoku Kinko Hyo Cloud and close below the level of 55.00, which indicates the change of the upward trend in favor of descending trend and the continuing decline in the cryptocurrency. Expect acceleration of growth of quotations LTC/USD is a breakout of the resistance area and closing above the level of 63.50.

Thus, the Litecoin forecast and analyst LTC/USD on 31 August 2018 is an attempt cryptocurrency correction and test the level of 57.50, where we can expect continued growth rate Litecoin with a potential target near the level of 66.50, with a cancellation option growth will be the drop and the breakdown region 55.00, which indicates continued decline.

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