Cryptocurrency LITECOIN LTC/USD is trading at 38.21. Quotes of the currency are traded below the moving average with a period of 55, indicating a bearish trend for LITECOIN. At the moment quotes are testing the lower boundary of Bollinger Bands bands. A moving average test is expected at level 41, again waiting for an attempt to continue the fall and further develop the bearish trend for the LITECOIN cryptocurrency to reduce near the level of 33.
LTC/USD forecast & signals LITECOIN on June 27, 2017
The conservative sales area for LITECOIN is located near the upper boundary of the Bollinger Bands indicator strip at level 47. Canceling the continuation option growth 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 the 50 area, indicating a change in the trend and in favor of a bearish LTC/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bars and the closing of quotes below 38.00, it is expected to accelerate the growth of the cryptocurrency.
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