Cryptocurrency Litecoin (LTC/USD) is trading at 179.00. 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 test the upper boundary of the bands of the indicator Bollinger Bands. A test of level 170.20 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 200.80.
Litecoin (LTC/USD) forecast and analysis on February 15, 2018
The conservative buying area for Litecoin is located near the middle border of the Bollinger Bands indicator bars at 150.50. The abolition of the option of continuing Litecoin growth will be the breakdown of the mid-range area of the Bollinger Bands indicator bars, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 135.20, which indicates a change in the trend in favor of the bearish 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.