Cryptocurrency Litecoin (LTC/USD) is trading at 69.80. 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 middle border of the Bollinger Bands indicator bars. A level test 68.40 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 75.80.
Litecoin (LTC/USD) forecast and analysis on November 23, 2017
The conservative area for buying is near the lower border of the Bollinger Bands indicator strip at 68.20. The abolition of the continuation of Litecoin growth will be the breakdown of the lower bound of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of 65.50, 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.