Cryptocurrency Litecoin (LTC/USD) is trading at 55.84. 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 middle border of the Bollinger Bands indicator.
Litecoin (LTC/USD) forecast and analysis on March 16, 2019
As part of the Litecoin course forecast, a test level of 54.20 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 60.50. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator at 53.20.
Cancellation of the option to continue the growth of the Litecoin exchange rate will be the breakdown of the lower limit of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotes pair below 51.50. This will indicate a change in the current trend in favor of the bearish for LTC/USD. In case of a breakdown of the upper 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 March 16, 2019 implies a test level of 54.20. Further, the continuation of growth to the area above the level of 60.50 is expected. The conservative area for buying Litecoin is located area of 53.20. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 51.50. In this case, we should expect the continuation of the fall.