Cryptocurrency Litecoin (LTC/USD) is trading at 146.24. 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 level 158.20 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 110.50.
Litecoin (LTC/USD) forecast and analysis on February 10, 2018
The conservative sales area for Litecoin is located near the upper boundary of the Bollinger Bands indicator strip at 160.80. The abolition of the continuation of the fall of the pair LTC/USD will be the breakdown of the upper 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 above the area of 180.20, which indicates a change in the trend in favor of the bullish 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.
