Cryptocurrency Litecoin (LTC/USD) is trading at 54.71. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish 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 58.50 is expected, from which it is expected to try to continue the fall and further develop the downward trend with a target near the level of 40.50.
Litecoin (LTC/USD) forecast on November 6 —10, 2017
The conservative sales area for Litecoin is located near the upper boundary of the Bollinger Bands indicator strip at 60.20. The abolition of the continuation of the fall of the LTC/USD pair will be a breakdown of the upper boundary area of the Bollinger Bands indicator strips, as well as a moving average with a period of 55 and the closing of quotations of the pair above the area of 63.80, indicating a change in the bullish trend for Litecoin. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.