Cryptocurrency Litecoin (LTC/USD) is trading at 237.42. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Litecoin. At the moment, the quotes of the cryptocurrency test the upper boundary of the bands of the indicator Bollinger Bands. A test of the level of 217.50 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with the aim near the level of 273.50.
Litecoin (LTC/USD) forecast and analysis on December 13, 2017
The conservative buying area is located near the middle border of the Bollinger Bands indicator strip at 160.40. The abolition of the continuation of Litecoin growth will be a breakdown of the mid-range area of the Bollinger Bands indicator strip, as well as a moving average with a period of 55 and the closing of the pair quotes below the area of 120.60, indicating a change in the bearish trend for LTC/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.