Cryptocurrency Litecoin (LTC/USD) is trading at 102.56. 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 lower border of the Bollinger Bands indicator bands.
Litecoin (LTC/USD) forecast and analysis on July 12, 2019
As part of the Litecoin course forecast, a test level of 107.20 is expected. Where should we expect an attempt to continue the fall of LTC/USD and further development of the downward trend. The purpose of this movement is the area near the level of 90.00. The conservative Litecoin sales area is located near the upper border of the Bollinger Bands indicator at 128.20.
Cancellation of the option to continue the decline in the rate of Litecoin will be a breakdown of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing quotations of the pair above the area of 130.50. This will indicate a change in the current bullish trend for LTC/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Litecoin (LTC/USD) forecast and analysis on July 12, 2019 implies a test level of 107.20. Further growth is expected to continue to the area above the level of 90.00. The conservative area for buying Litecoin is located area of 128.20. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 130.50. In this case, we should expect the continuation of the fall.