LITECOIN LTC/USD is traded at level 44. Quotes of the currency are traded below the moving average with a period of 55, which indicates a bearish trend for LITECOIN. At the moment, quotes are testing the average border of the Bollinger Bands. A moving average test is expected at 45.00, where again we should expect an attempt to continue the fall and further develop the bearish trend in the LITECOIN cryptocurrency to reduce it near level 35. The LITECOIN conservative sales area is located near the middle border of the Bollinger Bands indicator strip at level 46.
LITECOIN forecast & analysis LTC/USD on July 15, 2017
Canceling the continuation option the fall 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 quotes above area 49, which indicates a change of the tend in favor of the bullish on LTC/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bars and the closing of quotes below 40 it is expected to accelerate the fall of the crypto currency.
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