LITECOIN LTC/USD is trading at level 40. Quotes of the currency are traded below the moving average with a period of 55, indicating a bearish trend for LITECOIN. At the moment, quotes are testing the lower boundary of the Bollinger Bands. A moving average test is expected at the level of 42.50, where again we should expect an attempt to continue the fall and further develop the bearish trend in the LITECOIN cryptocurrency with the target of reducing it near level 35.
LITECOIN forecast & analysis LTC/USD on July 27, 2017
LITECOIN conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at level 45. Canceling the continuation option The drop of the LTC/USD cryptocurrency will be a breakdown of the moving average region with a level of 55, as well as the upper boundary of the Bollinger Bands indicator bars and the closing of LITECOIN quotations above area 47, which will indicate a change of tend In favor of bullish on LTC/USD. In the event of a breakdown of the lower boundary of the Bollinger Bands indicator bars and the closing of quotations below 38, it is expected to accelerate the fall of the cryptocurrency.
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