Litecoin (LTC/USD) forecast and analysis on September 8, 2018

Cryptocurrency Litecoin (LTC/USD) is trading at 57.88. 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 the level of 60.00 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 52.00.

Litecoin (LTC/USD) forecast and analysis on September 8, 2018

Litecoin (LTC/USD) forecast and analysis on September 8, 2018

The conservative sales area of ​​Litecoin is located near the middle border of the Bollinger Bands indicator strip at 62.00. 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 strip, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of ​​65.20, 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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