Cryptocurrency Litecoin (LTC/USD) is trading at 40.49. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Litecoin. At the moment, the cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands.
As part of the Litecoin course forecast, a test of 42.00 is expected. Where should 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 36.00. The conservative Litecoin sales area is located near the upper border of the Bollinger Bands indicator at 43.00.
Litecoin (LTC/USD) forecast and analysis on November 20, 2018
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 46.50 area. This will indicate a change in the current trend in favor of bullish on 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 and analysis on November 20, 2018 suggests a test level of 42.00. Further expected to continue falling into the area below the level of 36.00. The conservative sales zone is near the 43.00 area. The cancellation of the option of falling cryptocurrency will be the breakdown level 46.50. In this case one should expect continued growth.
