Litecoin (LTC/USD) forecast on December 11 — 15, 2017

Cryptocurrency Litecoin (LTC/USD) is trading at 133.82. 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 level test of 120.80 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target near level 166.50.

Litecoin (LTC/USD) forecast on December 11 — 15, 2017

Litecoin (LTC/USD) forecast on December 11 — 15, 2017

The conservative area for buying is near the lower border of the Bollinger Bands indicator strip at 56.20. The abolition of the continuation of Litecoin growth will be the breakdown of the lower border 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 52.30, which indicates a change in the trend in favor of the bearish 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.

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