Cryptocurrency Litecoin (LTC/USD) is trading at 350.00. 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 cryptocurrency quotes test the upper boundary of the Bollinger Bands indicator bars. A test of the level of 330.50 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near level of 415.20.
Litecoin (LTC/USD) forecast and analysis on December 20, 2017
The conservative buying area is located near the lower border of the Bollinger Bands indicator bars at 280.20. The abolition of Litecoin continuation of growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 240.50, 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.