Cryptocurrency Litecoin (LTC/USD) is trading at 35.19. 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 January 7, 2019
As part of the Litecoin course forecast, a test of 34.00 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 37.60. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator strip at 30.20.
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 29.00 area. 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 7, 2019 implies a test level of 34.00. Further, growth is expected to continue to the area above the level of 37.60. The conservative area for buying Litecoin is located area of 30.20. Cancellation options for the growth of cryptocurrency will make a breakdown level of 29.00. In this case, we should expect the continuation of the fall.