Cryptocurrency Litecoin (LTC/USD) is trading at 31.00. 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 January 1, 2019
As part of the Litecoin course forecast, a test level of 29.00 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 34.50. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator strip at 28.20.
Cancellation of the option to continue the growth of the Litecoin exchange rate will be a breakdown of the lower limit of the Bollinger Bands indicator. As well as the moving average with a period of 55 and the closing of quotations of the pair below the area of 26.20. 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 January 1, 2019 implies a test level of 29.00. Further, growth is expected to continue to the area above the level of 34.50. The conservative area for buying Litecoin is located area of 28.20. Cancellation options for the growth of cryptocurrency will make a breakdown level of 26.20. In this case, we should expect the continuation of the fall.