Cryptocurrency Litecoin (LTC/USD) is trading at 62.71. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Litecoin. At the moment, the quotes of the cryptocurrency are moving near the upper border of the Bollinger Bands indicator bars. A level test 62.71 is expected, from which it is expected to try to continue growth and further develop the upward trend with the target near the level of 67.70.
Litecoin (LTC/USD) forecast and analysis on November 10, 2017
The conservative area for buying is near the lower border of the Bollinger Bands indicator strip at 51.15. The abolition of the continuation of Litecoin growth will be the breakdown of the lower border area of the Bollinger Bands indicator strip, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 49.30, which indicates a change in the bearish trend for LTC/USD. In the event of a breakdown of the upper boundary of the bands of the Bollinger Bands indicator, one should expect an acceleration of growth.
