Cryptocurrency Litecoin (LTC/USD) is trading at 117.65. 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 122.50 is expected, from which one should expect an attempt to continue the fall and further develop a downward trend with a target near the level of 110.20.
Litecoin (LTC/USD) forecast and analysis on June 6, 2018
The conservative sales area for Litecoin is near the upper boundary of the Bollinger Bands indicator bars at 128.00. The abolition of the continuation of the fall of the LTC/USD pair 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 the pair quotes above the area of 130.20, 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.
