LITECOIN LTC/USD is trading at the level of 45.78. Quotes of the cryptocurrency 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 average border of the bands of the indicator Bollinger Bands. An insignificant correction is expected in region 44, where again one should expect an attempt to continue the growth and further development of the bullish LITECOIN trend for the target of growth near level 52.
LITECOIN forecast & signals on June 24, 2017
The conservative area for LITECOIN buying is located near the lower boundary of the Bollinger Bands indicator strip at level 42.50. Canceling the option to continue growing the LTC/USD crypto currency will be a breakdown of the moving average with level 55, as well as the lower boundary of the Bollinger Bands indicator lines and the closing of LITECOIN quotes 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, it is expected to accelerate the growth of the cryptocurrency in the area below the level of 52.
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