Cryptocurrency LITECOIN LTC/USD is trading at the level of 37.16. Quotes of the currency are traded near the bottom of the Bollinger Bands indicator. This is expected to test the moving average at 40, where again we should expect an attempt to continue the fall and further develop the bearish trend for the LITECOIN cryptocurrency with the aim of reducing near the level of 33.
LITECOIN forecast & analysis LTC/USD on July 2, 2017
The conservative area for sales of LITECOIN is located near the upper boundary of the Bollinger Bands indicator strip at level 42. The abolition of the continuation of 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 quotations above area 44, which indicates the shifts еhe trend in favor of bearish 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 35, it is expected to accelerate the fall of the cryptocurrency.
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