Cryptocurrency Litecoin (LTC/USD) is trading at 142.13. 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 lower border of the bands of the Bollinger Bands indicator. A test of the level 160.00 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target close to level 80.20.
Litecoin (LTC/USD) weekly forecast on May 14 — 20, 2018
The conservative sales area for Litecoin is near the upper boundary of the Bollinger Bands indicator bars at 175.20. The abolition of the continuation of the fall of the LTC/USD pair will be the breakdown of the upper boundary of the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 200.50, 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.
