Cryptocurrency Litecoin (LTC/USD) is trading at 253.66. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish 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 the level of 270.20 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 170.20.
Litecoin (LTC/USD) forecast and analysis on December 28, 2017
The conservative area for sales of Litecoin is located near the upper boundary of the Bollinger Bands indicator strip at the level of 270.50. The abolition of the continuation of the fall of the LTC/USD pair will be a breakdown of the upper boundary of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 300.80, indicating a change in the bullish trend for Litecoin. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.
