Cryptocurrency Litecoin (LTC/USD) is trading at 51.15. Cryptocurrency quotes are traded below the moving average with a period of 55, which indicates the presence of a bearish trend for Litecoin. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator. A test of the level of 55.00 is expected, from which one can expect an attempt to continue to fall and further develop the downward trend with a goal near the level of 40.00.
Litecoin (LTC/USD) weekly forecast on November 12 — 18, 2018
The conservative sales area for Litecoin is near the upper boundary of the Bollinger Bands indicator bars at 58.00. Cancellation of the option to continue falling Litecoin will be a breakdown of the area of the upper border of the Bollinger Bands indicator, as well as the moving average with a period of 55 and closing of quotations of the pair above 60. , which will indicate a change in trend in favor of the bullish 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.
