Litecoin (LTC/USD) forecast and analysis on November 17, 2018

Cryptocurrency Litecoin (LTC/USD) is trading at 43.31. Cryptocurrency quotes are traded below the moving average with a period of 55, which indicates the presence of a bearish trend for Litecoin. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands. A test of the level of 46.00 is expected, from which one can expect an attempt to continue the fall and further develop the downward trend with a goal near the level of 39.20.

Litecoin (LTC/USD) forecast and analysis on November 17, 2018

Litecoin (LTC/USD) forecast and analysis on November 17, 2018

The conservative sales area for Litecoin is located near the upper boundary of the Bollinger Bands strip 53.00. Cancellation of the option to continue the fall of the LTC/USD pair will be a breakdown of the upper border area of ​​the Bollinger Bands indicator, as well as the moving average with a period of 55 and closing of the pair quotes above the 54.00 area, indicating a change in trend in favor of the bullish for Litecoin. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall.


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