Litecoin (LTC/USD) forecast and analysis on September 7, 2018


Cryptocurrency Litecoin (LTC/USD) is trading at 55.51. 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 58.00 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 49.20.

Litecoin (LTC/USD) forecast and analysis on September 7, 2018

Litecoin (LTC/USD) forecast and analysis on September 7, 2018

The conservative sales area of ​​Litecoin is located near the middle border of the Bollinger Bands indicator strip at 65.00. The abolition of the continuation of the fall of the LTC/USD pair will be the breakdown of the mid-range area of ​​the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotations above the 70.00 area, 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.


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