Cryptocurrency Litecoin (LTC/USD) is trading at 100.20. 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 July 21, 2019
As part of the Litecoin course forecast, a test level of 98.50 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 117.50. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator at 80.00.
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 quotes pair below 75.20. This will indicate a change in the current trend in favor of bearish for LTC/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bars, one should expect an acceleration of the fall of the cryptocurrency.
Litecoin (LTC/USD) forecast and analysis on July 21, 2019 implies a test level of 98.50. Further growth is expected to continue to the area above the level of 117.50. The conservative area for buying Litecoin is located area of 80.00. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 75.20. In this case, we should expect the continuation of the fall.