Cryptocurrency Litecoin (LTC/USD) is trading at 41.97. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates the presence of a bearish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.
Litecoin (LTC/USD) forecast and analysis on November 19, 2018
As part of the Litecoin course forecast, a test of 43.00 is expected. Where can we expect an attempt to continue the fall of LTC/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 37.50. The conservative Litecoin sales area is located near the upper border of the Bollinger Bands indicator at 44.00.
Cancellation of the option to continue the decline in the rate of Litecoin will be a breakdown of the area of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing quotations of the pair above the 47.00 area. This will indicate a change in the current trend in favor of bullish LTC/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Litecoin LTC/USD forecast for November 19, 2018 implies a test level of 43. Further, it is expected to continue falling to the area below the level of 37.50. The conservative sales zone is located near the area of 44. Cancellation of the option of falling cryptocurrency will be a breakdown of the level of 47. In this case, we should expect continued growth.
