Cryptocurrency LITECOIN LTC/USD is trading at the level of 51.90. 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. This test is expected to test the broken support area at level 47, where again we should 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 58.
Trading signals & forecast LITECOIN on July 6, 2017
Canceling the option of 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 below 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 55, it is expected to accelerate the fall of the cryptocurrency.
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