Cryptocurrency Litecoin (LTC/USD) is trading at 83.94. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Litecoin. At the moment, the quotes of the cryptocurrency test the upper boundary of the bands of the indicator Bollinger Bands. A test of level 81.50 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target close to level 90.20.
Litecoin (LTC/USD) forecast and analysis on July 18, 2018
The conservative buying area is located near the middle border of the Bollinger Bands indicator bars at 78.50. The abolition of the continuation of Litecoin growth will be the breakdown of the mid-range area of the Bollinger Bands indicator strips, as well as the moving average with a period of 55, and the closing of the pair quotes below the 75.00 area, indicating a change in the bearish trend for LTC/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.