Cryptocurrency Litecoin (LTC/USD) is trading at 187.53. 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 upper border of the Bollinger Bands indicator bars. A test of the level of 193.20 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 165.20.
Litecoin (LTC/USD) forecast and analysis on March 13, 2018
The conservative area for sales of Litecoin is located near the upper boundary of the Bollinger Bands indicator bars at 195.20. The abolition of the continuation of the fall of the LTC/USD pair will be a breakdown of the upper boundary area of the Bollinger Bands indicator strips, as well as a moving average with a period of 55 and the closing of the pair quotations above the area of 210.20, 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.
