Litecoin LTC/USD is trading at 53.39 and continues to move as part of its growth. Cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates an uptrend. As part of the Litecoin prediction & analysis LTC/USD November 6, 2018, a test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 53.00. Where should we expect a rebound and an attempt to continue the growth of LTC/USD with a target above the level of 58.00.
Litecoin prediction & analysis LTC/USD November 6, 2018
An additional signal in favor of the growth of cryptocurrency Litecoin will be a test of the support area, as well as a rebound from the lower boundary of the ascending channel. Previously, a weak signal was received for SELL of Litecoin, due to the intersection of signal lines at the level of 53.50.
Cancellation of the growth option of Litecoin cryptocurrency will be the fall and breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and close below the level of 52.00. This option will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the cryptocurrency. LTC/USD price growth is expected to accelerate with the breakdown of the resistance area and closing above the 55.00 level.
Litecoin prediction & analysis LTC/USD November 6, 2018 suggests an attempt to correct cryptocurrency and the test level of 53.00, from which it is worth expecting the continued growth of the Litecoin rate with a potential target near the level of 58.00, the decline will be canceled and the breakdown of the area will be 52.00, which will indicate continued decline in cryptocurrency.