Litecoin (LTC/USD) forecast and analysis on November 9, 2018

Cryptocurrency Litecoin (LTC/USD) is trading at 52.83. Cryptocurrency quotes are trading above the moving average with a period of 55, which indicates the presence of a bullish trend for Litecoin. At the moment, the cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands. A test of the level of 52.00 is expected, from which one can expect an attempt to continue the growth and further development of the upward trend with a goal near the level of 55.40.

Litecoin (LTC/USD) forecast and analysis on November 9, 2018

Litecoin (LTC/USD) forecast and analysis on November 9, 2018

The conservative buying area is located near the lower border of the Bollinger Bands indicator strip at 51.50. The abolition of the option of continued growth of Litecoin will be a breakdown of the lower boundaries of the Bollinger Bands indicator strip, as well as the moving average with a period of 55 and the close of quotes of the pair below 50.00, which will indicate a change in trend in favor of the bearish for LTC/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of growth.

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