Cryptocurrency Litecoin (LTC/USD) is trading at 289.57. 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 lower border of the Bollinger Bands indicator bars. A level test 270.50 is expected, from which it is expected to try to continue growth and further develop the upward trend with the target near the level of 390.50.
Litecoin (LTC/USD) forecast and analysis on December 22, 2017
The conservative buying area is located near the lower border of the Bollinger Bands indicator strip at the level of 270.60. The abolition of Litecoin continuation of growth will be the breakdown of the lower bound of the Bollinger Bands indicator bands, as well as the moving average with a period of 55, and the closing of the quotes of the pair below the area of 230.50, 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.
