Cryptocurrency Litecoin (LTC/USD) is trading at 171.48. Quotes of the cryptocurrency are traded above the moving average with a period of 55, indicating a possible change in the trend in favor of going up by Litecoin. At the moment, the quotes of the cryptocurrency are moving near the upper bound of the bands of the Bollinger Bands indicator. A test of the level of 180.50 is expected, from which it is expected to continue the fall with a target near the level of 138.50.
Litecoin (LTC/USD) forecast and analysis on February 5, 2018
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 185.50. An excellent variant of Litecoin fall will be the breakdown of the upper border of the Bollinger Bands indicator bands, as well as the upper limit of the descending channel and the closing of the cryptocurrency quotes above the area of 200.10, which will indicate the confirmation of the development of the bullish trend for LTC/USD. With the breakdown of the moving average and the closing of quotes below the level of 145, it is expected to accelerate the fall of Litecoin.