Cryptocurrency Litecoin (LTC/USD) is trading at 135.33. 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 middle border of the Bollinger Bands indicator bars. A test of the level of 141.50 is expected, from which one should expect an attempt to continue the fall and further development of the downward trend with the target near the level of 123.50.
Litecoin (LTC/USD) forecast and analysis on May 20, 2018
The conservative sales area for Litecoin is near the upper boundary of the Bollinger Bands indicator bars at 142.50. The abolition of the continuation of the fall of the pair LTC/USD will be a breakdown of the upper border of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of quotes of the pair above the area of 150.20, which indicates 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.
