Litecoin (LTC/USD) forecast and analysis on December 22, 2018

Cryptocurrency Litecoin (LTC/USD) is trading at 31.23. 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 22, 2018

As part of the Litecoin course forecast, a test of 30.00 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 35.20. . The conservative area for buying of Litecoin is located near the lower border of the Bollinger Bands indicator strip at level 27.80.

Litecoin (LTC/USD) forecast and analysis on December 22, 2018

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 25.00 area. 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 22, 2018 implies a test level of 30.00. Further, growth is continued to the region above the level of 35.20. The conservative area for buying Litecoin is located area of 27.80. Cancellation options for the growth of cryptocurrency will make a breakdown level of 25.00. In this case, we should expect the continuation of the fall.


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