LITECOIN LTC/USD is trading at 48.90. Quotes of the currency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for LITECOIN. At the moment, quotes are testing the average border of the Bollinger Bands. A moving average test is expected at 46.00, where again one should expect an attempt to continue growth and further development of the bullish trend for the LITECOIN cryptocurrency with the target of rising near level 60.
LITECOIN forecast & analysis LTC/USD on July 11, 2017
The conservative area for LITECOIN purchases is located at the low of the Bollinger Bands indicator strip at level 45. Canceling the continuation option Growth of the LTC/USD cryptocurrency will be a breakdown of the moving average region with a level of 55, as well as the lower boundary of the Bollinger Bands indicator bars and the closing of LITECOIN quotations below area 40, which indicates a change in the trend in favor of the bearish on LTC/USD. In the event of a breakdown of the upper boundary of the Bollinger Bands indicator bars and the closing of quotes above 53, it is expected to accelerate the growth of the cryptocurrency.
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