Cryptocurrency LITECOIN LTC/USD is trading at the level of 42.59. 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 of the pair test the moving average. An insignificant correction is expected in the region of 40, where again we should expect an attempt to continue the growth and further development of the bullish trend in the LITECOIN cryptocurrency with the target of growth near the level of 48.
Bollinger Bands forecast LTC/USD on June 26, 2017
The conservative area for LITECOIN purchases is located near the lower boundary of the Bollinger Bands indicator strip at level 40. By abolishing the option of continuing growth LTC/USD will be a breakdown of the moving average area with a level of 55, as well as the lower border of the Bollinger Bands indicator bars and the closing of LITECOIN quotes below area 39, which indicates a change in the trend in favor of Of the bearish on LTC/USD. In the event of a breakdown of the upper boundary of the Bollinger Bands, it is expected to accelerate the growth of the cryptocurrency.
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