Cryptocurrency Litecoin (LTC/USD) is trading at 71.76. 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 test the upper boundary of the bands of the indicator Bollinger Bands. A test of level 69.60 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near the level of 75.60.
Litecoin (LTC/USD) forecast and analysis on November 21, 2017
The conservative area for buying is near the lower border of the Bollinger Bands indicator strip at 64.50. The abolition of the continuation of Litecoin growth will be the breakdown of the lower border of the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 63.40, indicating a change in the bearish trend for LTC/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.
