Cryptocurrency Litecoin (LTC/USD) is trading at 218.44. 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 lower border of the bands of the Bollinger Bands indicator. A test of the level of 240.80 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 178.50.
Litecoin (LTC/USD) forecast and analysis on January 11, 2018
The conservative sales area for Litecoin is located near the upper boundary of the Bollinger Bands indicator strip at the level of 264.80. The abolition of the continuation of the fall of the LTC/USD pair will be a breakdown of the upper boundary area of ββthe Bollinger Bands indicator strips, as well as a moving average with a period of 55 and the closing of quotations of the pair above the area of ββ290.10, indicating 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.