Litecoin (LTC/USD) forecast and analysis on June 30, 2019

Cryptocurrency Litecoin (LTC/USD) is trading at 116.36. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.

Litecoin (LTC/USD) forecast and analysis on June 30, 2019

As part of the Litecoin course forecast, a test level of 111.50 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 104.80. The conservative Litecoin sales area is located near the upper border of the Bollinger Bands indicator at 140.00.

Litecoin (LTC/USD) forecast and analysis on June 30, 2019

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 141.60. 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 June 30, 2019 implies a test level of 111.50. Further, it is expected to continue falling to the area below the level of 104.80. The conservative area for selling Litecoin is located area of 140.00. Canceling the option of falling cryptocurrency will be a breakdown of the level of 141.60. In this case, we can expect continued growth.


Best Forex Brokers

Share This Post

Post Comment