Litecoin LTC/USD is trading at 48.33 and continues to move in line with the decline. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a downward trend. As part of the Litecoin prediction & analysis LTC/USD November 2, 2018, Ichimoku Kinko Hyo signal lines are expected to test near the level of 49.50. Where can we expect a rebound and an attempt to continue the fall of LTC/USD with a target below the level of 44.50.
Litecoin prediction & analysis LTC/USD November 2, 2018
An additional signal in favor of the fall of cryptocurrency Litecoin will be the test of the resistance area. Previously, a strong signal was received for SELL the Litecoin cryptocurrencies, due to the crossing of signal lines at the level of 52.50.
The abolition of the Litecoin cryptocurrency fall option will be strong growth and the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the close above the level of 52.50. This option will indicate a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency LTC/USD quotes are expected to accelerate with the breakdown of the support area and closing below 47.00.
Litecoin prediction & analysis LTC/USD November 2, 2018 suggests an attempt to correct cryptocurrency and test level 49.50, from which it is necessary to expect the Litecoin course to continue falling with a potential target near the level of 44.50, a strong growth and a breakdown of the 52.50 area will appear, indicating on the continued growth of cryptocurrency.