Cryptocurrency Litecoin (LTC/USD) is trading at 25.54. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.
Litecoin (LTC/USD) forecast and analysis on December 18, 2018
As part of the Litecoin course forecast, a test level of 24.00 is expected. Where can we expect an attempt to continue the growth of LTC/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 28.50. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator bars at 21.50.
Cancellation of the option to continue the growth of the Litecoin exchange rate will be the breakdown of the lower limit of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotes pair below 21.00 area. This will indicate a change in the current trend in favor of the bearish LTC/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Litecoin (LTC/USD) forecast and analysis on December 18, 2018 suggests a test level of 24.00. Further, growth is expected to continue to the area above the level of 28.50. The conservative area for buying Litecoin is located area of 21.50. Cancellation options for the growth of cryptocurrency will breakdown level 21.00. In this case, we should expect the continuation of the fall.