Litecoin LTC/USD is trading at 48.85 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 October 31, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 50.50, from which it is necessary to expect a rebound and an attempt to continue the fall of LTC/USD with a target below 43.00.
Litecoin prediction & analysis LTC/USD October 31, 2018
An additional signal in favor of the fall of the cryptocurrency Litecoin is the test of the resistance area, as well as the test of the upper limit of the downward channel. 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 closing above the level of 53.50. 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 48.50.
Litecoin prediction & analysis LTC/USD October 31, 2018 suggests an attempt to correct cryptocurrency and the 50.50 level test, from which it is necessary to expect the Litecoin course to continue falling with a potential target near the 43.00 level, a strong growth and a breakdown of the 53.50 area, which indicates on the continued growth of cryptocurrency.