Cryptocurrency Litecoin (LTC/USD) is trading at 31.35. 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 on December 31, 2018 — January 6, 2019
As part of the Litecoin course forecast, a test level of 36.20 is expected. Where should we expect an attempt to continue the fall of LTC/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 20.00. The conservative Litecoin sales area is located near the upper border of the Bollinger Bands indicator at 37.00.
Cancellation of the option to continue the decline of the Litecoin rate will be the 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 40.00 area. This will indicate a change in the current trend in favor of the bullish TC/USD. In the event 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 on December 31, 2018 — January 6, 2019 implies a test level of 36.20. Further expected to continue falling into the area below the level of 20.00. The conservative area for selling Litecoin is located area of 37.00. Canceling the option of falling cryptocurrency will break the level of 40.00. In this case, we can expect continued growth.