Cryptocurrency Litecoin (LTC/USD) is trading at 58.42. 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 March 23, 2019
As part of the Litecoin course forecast, a test level of 57.20 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 63.50. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator bars at 57.00.
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 a moving average with a period of 55 and closing quotes pair below the area of 54.20. 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 23, 2019 suggests a test level of 57.20. Further, the continuation of growth to the area above the level of 63.50 is expected. The conservative area for buying Litecoin is located area of 57.00. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 54.20. In this case, we should expect the continuation of the fall.