Cryptocurrency Litecoin (LTC/USD) is trading at 97.61. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Litecoin. At the moment, the quotes of the cryptocurrency are moving near the upper border of the Bollinger Bands indicator bars. A test of the level of 101.50 is expected, from which one should expect an attempt to continue the fall and further development of the downward trend with a target near the level of 88.20.
Litecoin (LTC/USD) forecast and analysis on June 20, 2018
The conservative area for Litecoin sales is located at the upper border of the Bollinger Bands indicator bars at 102.00. The abolition of the continuation of the fall of the pair LTC/USD will be a breakdown of the upper boundary area of the Bollinger Bands indicator strips, as well as a moving average with a period of 55 and the closing of quotations of the pair above the 106.50 area, indicating a change in the trend in favor of the bullish for Litecoin. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.