Cryptocurrency Litecoin (LTC/USD) is trading at 85.81. 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 81.50 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 98.80.
Litecoin (LTC/USD) forecast on November 27 — December 1, 2017
The conservative area for buying is near the lower border of the Bollinger Bands indicator strip at the level of 52.40. The abolition of Litecoin continuation of 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 49.50, 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.
