Cryptocurrency Litecoin (LTC/USD) is trading at 57.04. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Litecoin. At the moment, the quotes of the cryptocurrency are moving near the lower border of the bands of the Bollinger Bands indicator. A test of level 59.20 is expected, from which one should expect an attempt to continue falling and further development of the downward trend with the target near the level of 52.00.
Litecoin (LTC/USD) forecast and analysis on September 26, 2018
The conservative sales area for Litecoin is located near the upper boundary of the Bollinger Bands strip at 63.00. The abolition of the continuation of the fall of the LTC/USD pair will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 65.00, indicating a change in the bullish trend for Litecoin. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.