Cryptocurrency Litecoin (LTC/USD) is trading at 84.72. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Litecoin. Currently, the cryptocurrency quotes are testing the lower boundary of the Bollinger Bands indicator bars. A test of level 90.00 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target close to level 73.20.
Litecoin (LTC/USD) forecast and analysis on June 24, 2018
The conservative area for Litecoin sales is located near the middle border of the Bollinger Bands indicator bars at 95.00. The abolition of the continuation of the fall of the LTC/USD pair 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 above 105.20, indicating a change in the bullish trend 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.
