Cryptocurrency Litecoin (LTC/USD) is trading at 57.25. 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. The test is expected at the level of 62.50, from which one can expect an attempt to continue the fall and further develop the downward trend with a target near the level of 42.00.
Litecoin (LTC/USD) weekly forecast on October 8 — 14, 2018
The conservative sales area for Litecoin is near the upper boundary of the Bollinger Bands indicator bars at 63.00. The abolition of the continuation of the fall of the LTC/USD pair will be a breakdown of the upper boundary of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 70.00, indicating a change in the bullish trend for Litecoin. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.
