Litecoin forecast and analyst LTC/USD on 21 Oct 2018

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Litecoin forecast and analyst LTC/USD on 21 Oct 2018

Cryptocurrency Litecoin LTC/USD is trading at 52.52 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 October 21, 2018, is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 53.00, 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 on 21 Oct 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 54.00.

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 56.00. 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 50.00 level.

Thus, the Litecoin forecast and analyst LTC/USD for October 21, 2018 implies an attempt cryptocurrency correction and test the level of 53.00, 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 56.00, which indicates continued growth of the cryptocurrency.

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