Cryptocurrency Litecoin (LTC/USD) is trading at 31.97. 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.
Litecoin (LTC/USD) forecast and analysis on November 22, 2018
As part of the Litecoin course forecast, a test of 34.00 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 26.20. The conservative Litecoin sales area is located near the upper border of the Bollinger Bands indicator at 45.00.
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 area of 46.00. 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.
Thus, Litecoin (LTC/USD) forecast and analysis on November 22, 2018 implies a test level of 34.00. Further, it is expected to continue falling to the area below the level of 26.20. The conservative sales zone is near the 45.00 area. Cancellation of the option of falling cryptocurrency will breakdown level 46.00. In this case, we can expect continued growth.
