Litecoin (LTC/USD) forecast and analysis on November 24, 2017

Cryptocurrency Litecoin (LTC/USD) is trading at 71.02. 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 test of level 69.50 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target close to the level of 76.50.

Litecoin (LTC/USD) forecast and analysis on November 24, 2017

Litecoin (LTC/USD) forecast and analysis on November 24, 2017

The conservative area for buying is near the lower border of the Bollinger Bands indicator strip at 69.20. 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 66.30 area, which indicates a change in the trend in favor of the bearish 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.


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