Cryptocurrency LITECOIN LTC/USD is trading at 36.00. 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 39.50, 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 it near level 30.
LTC/USD forecast & signals LITECOIN on June 28, 2017
The LITECOIN conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at level 45. 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 area of 50, indicating a trend change In favor of bearish on LTC/USD. In the event of a breakdown of the lower boundary of the Bollinger Bands indicator bars and the closing of quotations below 30 it is expected to accelerate the growth of the crypto currency.
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