Cryptocurrency Litecoin (LTC/USD) is trading at 210.57. 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 235.50 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 170.80.
Litecoin (LTC/USD) forecast and analysis on January 12, 2018
The conservative area for sales of Litecoin is located near the upper boundary of the Bollinger Bands indicator strip at the level of 243.70. The abolition of the continuation of the fall of the LTC/USD pair will be a breakdown of the upper range of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and closing of the pair quotes above the 270.50 area, indicating a change in the bullish trend 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.