Cryptocurrency Litecoin (LTC/USD) is trading at 76.70. 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 lower border of the bands of the Bollinger Bands indicator. A test of level 82.50 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 63.20.
Litecoin (LTC/USD) forecast and analysis on June 25, 2018
The conservative area for Litecoin sales is located near the middle border of the Bollinger Bands indicator strip at 88.20. The abolition of the continuation of the fall of the LTC/USD pair will be a breakdown of the mid-range area of the Bollinger Bands indicator strip, as well as a moving average with a period of 55 and the closing of the pair quotations above the area of 100.50, 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.
