Cryptocurrency Litecoin (LTC/USD) is trading at 33.44. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend for Litecoin. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.
Litecoin (LTC/USD) weekly forecast on February 4 — 10, 2019
As part of the Litecoin course forecast, a test of 36.00 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 24.20. The conservative Litecoin sales area is located near the upper border of the Bollinger Bands indicator at 36.50.
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 40.50. This will indicate a change in the current bullish trend 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 of the cryptocurrency.
Litecoin (LTC/USD) weekly forecast on February 4 — 10, 2019 implies a test level of 36.00. Further, it is expected to continue falling to the area below the level of 24.20. The conservative area for selling Litecoin is located area of 36.50. Cancellation of the option of falling cryptocurrency will be the breakdown level of 40.50. In this case, we can expect continued growth.
