Litecoin forecast and analyst LTC/USD to 17 Oct 2018

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Litecoin forecast and analyst LTC/USD to 17 Oct 2018

Cryptocurrency Litecoin LTC/USD is trading at 53.56 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 17 Oct 2018, is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 54.50, 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 to 17 Oct 2018

Additional signal in favor of the fall of Litecoin will perform the test of resistance and rebounded from the upper border of the descending channel. 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 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 support area and closing below the level of 52.00.

Thus, the Litecoin forecast and analyst LTC/USD for October 17, 2018 implies an attempt of correction cryptocurrency and test 54.50 level 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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