Cryptocurrency Litecoin (LTC/USD) is trading at 73.19. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Litecoin. At the moment, the quotes of the cryptocurrency are moving near the lower border of the bands of the Bollinger Bands indicator. A test of the level of 7600 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 66.00.
Litecoin (LTC/USD) forecast and analysis on August 6, 2018
The conservative sales area for Litecoin is near the upper boundary of the Bollinger Bands indicator bars at 78.50. The abolition of the continuation of the fall of the LTC/USD pair will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes above the 82.50 area, indicating a change in the bullish trend for Litecoin. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.
