Cryptocurrency Litecoin (LTC/USD) is trading at 37.10. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands.
As part of the Litecoin course forecast, a test of 40.00 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 33.00. The conservative Litecoin sales area is located near the upper border of the Bollinger Bands indicator bars at 45.00.
Litecoin (LTC/USD) forecast and analysis on November 21, 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 bars. As well as the moving average with a period of 55 and closing quotations of the pair above the area of 46.00. This will indicate a change in the current trend in favor of bullish on LTC/USD. In the event of a breakdown of the lower border of the BollingerBands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Litecoin (LTC/USD) forecast and analysis on November 21, 2018 implies a test level of 40.00. Further expected to continue falling into the area below the level of 33.00. The conservative sale zone is near the area of 45.00. Canceling the option of falling cryptocurrency will result in a level of 46.00. In this case one should expect continued growth.
