Cryptocurrency LITECOIN LTC/USD is trading at 38.12. Quotes of the currency are traded below the moving average with a period of 55, indicating a bearish trend for LITECOIN. 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 crypto currency with the aim of reducing near the level of 30.
LTC/USD forecast & signals LITECOIN on July 3, 2017
The conservative area for sales of LITECOIN is located near the upper boundary of the Bollinger Bands indicator strip at level 40. Withdrawal Option of continuing 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 43, indicating the change of bullish trend in the 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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