Litecoin (LTC/USD) forecast and analysis on December 3, 2017

Cryptocurrency Litecoin (LTC/USD) is trading at 101.47. 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 97.50 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 112.50.

Litecoin (LTC/USD) forecast and analysis on December 3, 2017

Litecoin (LTC/USD) forecast and analysis on December 3, 2017

The conservative area for buying is near the lower border of the Bollinger Bands indicator strip at 76.20. The abolition of the continuation of Litecoin 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 72.80, 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.

Share This Post

Post Comment