Cryptocurrency Litecoin (LTC/USD) is trading at 144.84. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Litecoin. At the moment, the quotes of the cryptocurrency are moving near the lower border of the bands of the Bollinger Bands indicator. A test of the level of 148.50 is expected, from from which one should expect an attempt to continue the fall and further development of the downward trend with the target near the level of 128.20.
Litecoin (LTC/USD) forecast and analysis on April 27, 2018
The conservative sales area for Litecoin is near the upper boundary of the Bollinger Bands indicator strip at 166.20. The abolition of the continuation of the fall of the LTC/USD pair will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotations above the area of 175.20, indicating a change in the trend in favor of the bullish 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.
