Cryptocurrency Litecoin (LTC/USD) is trading at 56.99. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Litecoin. At the moment, the quotes of the cryptocurrency are moving near the upper border of the Bollinger Bands indicator bars. A test of the level of 55.00 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with the aim near the level of 63.20.
Litecoin (LTC/USD) forecast and analysis on September 22, 2018
The conservative buying area is located near the lower border of the Bollinger Bands indicator strip at 51.00. The abolition of the continuation of Litecoin growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with the period of 55 and the closing of the pair quotes below the 48.50 area, which will indicate a change in the trend in favor of the bearish for LTC/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.
