Cryptocurrency LITECOIN LTC/USD is trading at the level of 45.85. 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. For this, we expect a test of the broken support area at level 42, from which we again expect an attempt to continue growth and further development of the bullish trend for the LITECOIN cryptocurrency with the target of growth near the level of 50.
LITECOIN LTC/USD forecast and analysis on July 4, 2017
The abolition of the option for continuing the growth of the LTC/USD cryptocurrency will be a breakdown of the moving average region with a level of 55, As well as the lower border of the Bollinger Bands indicator bars and the closing of LITECOIN quotations above area 35, 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 and the closing of quotes above 47, it is expected to accelerate the fall of the cryptocurrency.
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