Cryptocurrency LITECOIN LTC/USD is traded at level 47. 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. This is expected to test the lower border of the uplink at level 46, where again we should expect an attempt to continue growth and further development of the bullish trend for the LITECOIN cryptocurrency with the target near level 58.
LITECOIN forecast & analysis LTC/USD on July 8, 2017
Canceling the option of continuing the 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 border 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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