Litecoin forecast and analyst LTC/USD on October 6, 2018

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Litecoin forecast and analyst LTC/USD on October 6, 2018

Cryptocurrency Litecoin LTC/USD is trading at the level of 57.91 and continues to diminish. Cryptocurrency trading below the lower border of the Ichimoku Kinko Hyo Cloud, indicating a downward trend. Under forecast rate Litecoin to 6 October 2018, is expected to test region signal lines Ichimoku Kinko Hyo near the level of 59.00, 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 October 6, 2018

Additional signal in favor of the fall of Litecoin will perform the test of resistance, as well as a 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.

The cancellation of the drop option cryptocurrencies Litecoin will be a strong rise and break of the upper border of the Ichimoku Kinko Hyo Cloud and close above 62.50. 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 6, 2018 is an attempt cryptocurrency correction and test the level of 59.00, 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 62.50, which indicates the continuing growth of the cryptocurrency.

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