Cryptocurrency Litecoin (LTC/USD) is trading at 33.00. 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 January 12, 2019
As part of the Litecoin course forecast, a test level of 35.60 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 29.00. The conservative Litecoin sales area is located near the upper border of the Bollinger Bands indicator at 42.00.
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 43.20 area. This will indicate a change in the current trend in favor of the bullish for 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 January 12, 2019 implies a test level of 35.60. Further, it is expected to continue falling to the area below the level of 29.00. The conservative area for selling Litecoin is located area of 42.00. Canceling the option of falling cryptocurrency will break the level of 43.20. In this case, we can expect continuation growth.