Cryptocurrency Litecoin (LTC/USD) is trading at 28.78. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands.
Litecoin (LTC/USD) forecast and analysis on December 7, 2018
As part of the Litecoin course forecast, a test level of 30.50 is expected. Where should we expect an attempt to continue the fall of LTC/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 25.00. The conservative Litecoin sales area is near the upper border of the Bollinger Bands indicator at 32.50.
Cancellation of the option to continue the decline in the rate of Litecoin will be the breakdown of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing quotations of the pair above the area of 34.50. This will indicate a change in the current trend in favor of the bullish on LTC/USD. In the event of a breakdown of the lower 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 7, 2018 implies a test level of 30.50. Further expected to continue falling into the area below the level of 25.00. The conservative area for selling Litecoin is located area of 32.50. The cancellation of the option of falling cryptocurrency will be the breakdown level 34.50. In this case, we can expect continued growth.