Litecoin forecast and analyst LTC/USD on 3 October 2018

0

Litecoin forecast and analyst LTC/USD on 3 October 2018

Cryptocurrency Litecoin LTC/USD is trading at 60.06 and continues to move within rising channel. The cryptocurrency is trading inside the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a lateral trend. Under forecast rate Litecoin to 3 October 2018, is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 59.00, where we can expect rebound and attempt to continue the growth of LTC/USD with a target above the level of 68.00.

Litecoin forecast and analyst LTC/USD on 3 October 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. Earlier it was obtained a weak signal for selling Litecoin through the intersection of the signal lines at the level of 61.00.

Cancellation option growth Litecoin will fall and break the lower border of the Ichimoku Kinko Hyo Cloud and close below the level of 57.00. This option will point to a change in a sideways 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 63.00.

Thus, the Litecoin forecast and analyst LTC/USD on 3 October 2018 suggests an attempt cryptocurrency correction and test the level of 59.00, where we can expect continued growth rate Litecoin with a potential target near the level of 68.00, with a cancellation option growth will be the drop and the breakdown region 57.00, which indicates the continuation of decrease in cryptocurrency.

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.