Litecoin (LTC/USD) forecast and analysis on August 29, 2020

Cryptocurrency Litecoin (LTC/USD) is trading at 56.50. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates the presence of a bearish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator bars.

Litecoin (LTC/USD) forecast and analysis on August 29, 2020

As part of the Litecoin course forecast, a test of 57.80 is expected. Where can we expect an attempt to continue the fall in LTC/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 51.80. The conservative Litecoin sales area is located near the upper border of the Bollinger Bands indicator strip at 60.80.

Litecoin (LTC/USD) forecast and analysis on August 29, 2020

Cancellation of the option to continue the decline in the Litecoin rate will be a breakdown of the upper border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and closing of quotations of the pair above the 62.60 area. This will indicate a change in the current trend in favor of the bullish for LTC/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration of the fall of the cryptocurrency.

Litecoin (LTC/USD) forecast and analysis on August 29, 2020 implies a test level of 57.80. Further, it is expected to continue falling to the area below the level of 51.80. The conservative area for selling Litecoin is located area of ​​60.80. Cancellation of the option of falling cryptocurrency will be a breakdown of the level of 62.60. In this case, we should expect continued growth.


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