Litecoin forecast and analyst LTC/USD for October 28, 2018

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Litecoin forecast and analyst LTC/USD for October 28, 2018

Cryptocurrency Litecoin LTC/USD is trading at the level of 51.33 and continues to move in the correction and shaping of the model “Triangle”. Cryptocurrency trading below the lower border of the Ichimoku Kinko Hyo Cloud, indicating a downward trend. Under forecast rate Litecoin to October 28, 2018, is expected to test the lower boundary of the Clouds Ichimoku Kinko Hyo is close to the 52.00 level where we can expect rebound and attempt to continue falling LTC/USD with a target below the level of 48.00.

Litecoin forecast and analyst LTC/USD for October 28, 2018

Additional signal in favor of the fall of Litecoin will perform the test of resistance, and also test the upper boundary of the model “Triangle”. 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 52.50.

The cancellation option drop Litecoin will be a strong rise and break of the upper border of the Ichimoku Kinko Hyo Cloud and a close above 53.50. 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 lower boundary of the model “Triangle” and close below the level of 50.50.

Thus, the Litecoin forecast and analyst LTC/USD for October 28, 2018 is an attempt cryptocurrency correction and test the level of 52.00, where we can expect further rate fall of Litecoin with a potential target near the level of 48.00, cancellation of risk will deliver strong growth and the breakdown region 53.50, which indicates continued growth of the cryptocurrency.

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