Cryptocurrency Litecoin (LTC/USD) is trading at 134.00. 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 Bollinger Bands indicator bars. A test of level 142.50 is expected, from which one should expect an attempt to continue falling and further development of the downward trend with the target near the level of 117.20.
Litecoin (LTC/USD) forecast and analysis on March 29, 2018
The conservative area for sales of Litecoin is located near the middle border of the Bollinger Bands indicator bars at 150.20. 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 the closing of the pair quotes above the area of 170.20, 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.