Litecoin (LTC/USD) forecast on January 20 — 26, 2020

Cryptocurrency Litecoin (LTC/USD) is trading at 56.71. 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 stripes.

Litecoin (LTC/USD) forecast on January 20 — 26, 2020

As part of the Litecoin exchange rate forecast, a test of the level of 50.00 is expected. Where should 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 72.10. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator strip at 35.20.

Litecoin (LTC/USD) forecast on January 20 — 26, 2020

Cancellation of the option to continue the growth of the Litecoin exchange rate will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and closing quotations of the pair below the area of ​​34.80. This will indicate a change in the current trend in favor of the bearish for LTC/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, it is worth waiting for the acceleration of the cryptocurrency fall.

Litecoin (LTC/USD) forecast on January 20 — 26, 2020 implies a test level of 50.00. Further, growth is expected to continue to the area above the level of 72.10. The conservative buying area is located is near the area of ​​35.20. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 34.80. In this case, we should expect continued fall.


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