Cryptocurrency Litecoin (LTC/USD) is trading at 120.23. 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 upper border of the Bollinger Bands indicator bars. A test of level 123.50 is expected, from which one should expect an attempt to continue falling and further development of the downward trend with the target near the level of 108.20.
Litecoin (LTC/USD) forecast and analysis on May 31, 2018
The conservative sales area for Litecoin is near the upper boundary of the Bollinger Bands indicator bars at 124.20. 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 strip, as well as a moving average with a period of 55 and the closing of the pair quotations above the area of 135.50, 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.
