Cryptocurrency Litecoin (LTC/USD) is trading at 319.45. 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 are moving near the upper border of the Bollinger Bands indicator bars. A test of the level of 297.50 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target near the level of 395.50.
Litecoin (LTC/USD) forecast and analysis on December 14, 2017
The conservative buying area is located near the middle border of the Bollinger Bands indicator strip at 214.30. The abolition of the continuation of Litecoin growth will be the breakdown of the mid-range area of the Bollinger Bands indicator strip, as well as the moving average with a period of 55 and the closing of the pair quotations below the area of 140.50, 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.