Cryptocurrency Litecoin (LTC/USD) is trading at 33.77. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.
Litecoin (LTC/USD) forecast and analysis on February 6, 2019
As part of the Litecoin course forecast, a test of 33.50 is expected. Where can we expect an attempt to continue the growth of LTC/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 35.30. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator bars at 32.40.
Cancellation of the option to continue the growth of the Litecoin exchange rate will be a breakdown of the lower limit of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing quotations of the pair below the 32.00 area. This will indicate a change in the current trend in favor of the bearish for LTC/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the cryptocurrency decline.
Litecoin (LTC/USD) forecast and analysis on February 6, 2019 implies a test level of 33.50. Further, growth is expected to continue to the area above the level of 35.30. The conservative area for buying Litecoin is located area of 32.40. The cancellation of the cryptocurrency growth option will be the breakdown of the level 32.00. In this case, we should expect the continuation of the fall.