Litecoin forecast for the week of October 29 — November 2, 2018

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Litecoin forecast for the week of October 29 — November 2, 2018

Cryptocurrency Litecoin LTC/USD ends the week near the area of 51.39. Cryptocurrency trading below the bottom of the Clouds Ichimoku Kinko Hyo, which indicates the presence of a downward trend for Litecoin. Expected test region signal lines Ichimoku Kinko Hyo is close to level 55, where we can expect rebound and attempt to continue falling LTC/USD with a target below level 40.

Litecoin forecast for the week of October 29 — November 2, 2018

Additional signal in favor of the fall of the cryptocurrency will perform a test of the resistance level and test the upper boundary of the model “Triangle”. Was previously received signal average strength for sales of Litecoin, due to the intersection of the signal lines at 58.

The cancellation option drop Litecoin will be a break of the upper border of the Ichimoku Kinko Hyo Cloud with the closing of the quotations above region 62, which will point to a change in the downward trend in favor of the uptrend. To expect acceleration of the fall cryptocurrency is a breakdown of the lower boundary of the model “Triangle” and close below level 46.

Thus, Litecoin forecast for the week of October 29 — November 2, 2018 involves the attempt to develop adjustments to level 55, where we can expect rebound and continue to fall cryptocurrency with a potential target near the level 40, in favor of the decline will be a test of the resistance level, lifting the drop option will perform the breakdown region 62, in this case it is necessary to expect the further growth of Litecoin.

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