Cryptocurrency Litecoin (LTC/USD) is trading at 315.90. 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 middle border of the Bollinger Bands indicator bars. A test of level 295.50 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near the level of 410.50.
Litecoin (LTC/USD) forecast and analysis on December 21, 2017
The conservative buying area is located near the lower border of the Bollinger Bands indicator bars at level 285.60. The abolition of the continuation of Litecoin growth will be the breakdown of the lower border 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 240.50, indicating a change in the bearish trend for LTC/USD. In the event of a breakdown of the upper boundary of the bands of the Bollinger Bands indicator, one should expect an acceleration of growth.
