Cryptocurrency Litecoin (LTC/USD) is trading at 111.96. Quotes of the currency are traded below the moving average with a period of 55, indicating a bearish trend for Litecoin. Currently, the cryptocurrency quotes are testing the lower boundary of the Bollinger Bands indicator bars. A level test of 120.50 is expected, from which one should expect an attempt to continue the decline and further development of a downward trend with a target near the level of 90.50.
Litecoin (LTC/USD) forecast and analysis on March 31, 2018
The conservative sales area for Litecoin is near the upper boundary of the Bollinger Bands indicator bars at 150.20. The abolition of the continuation of the fall of the pair LTC/USD will be a breakdown of the upper border 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 160.50, 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.
