Cryptocurrency Litecoin (LTC/USD) is trading at 134.96. Quotes of the currency are traded below the moving average with a period of 55, indicating a bearish trend for Litecoin. At the moment, the quotes of the crypto currency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 140.00 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 124.50.
Litecoin (LTC/USD) forecast and analysis on May 21, 2018
The conservative sales area for Litecoin is near the upper boundary of the Bollinger Bands indicator bars at 140.10. 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 the pair quotes above the area of 145.20, 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.
