Cryptocurrency Litecoin (LTC/USD) is trading at 28.97. 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 middle border of the Bollinger Bands indicator.
Litecoin (LTC/USD) forecast and analysis on December 21, 2018
As part of the Litecoin course forecast, a test of 28.00 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 33.20. The conservative Litecoin buying area is located near the bottom of the Bollinger Bands indicator bands at 26.00.
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 the moving average with a period of 55 and closing quotes pair below 24.50. This will indicate a change in the current trend in favor of the bearish LTC/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the cryptocurrency decline.
Litecoin (LTC/USD) forecast and analysis on December 21, 2018 implies a test level of 28.00. Further, growth is continued to the region above the level of 33.20. The conservative area for buying Litecoin is located area of 26.00. The cancellation of the growth option of cryptocurrency will be the breakdown of the level of 24.50. In this case, we should expect the continuation of the fall.