Litecoin forecast for the week 1 — 7 October 2018

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Litecoin forecast for the week 1 — 7 October 2018

Litecoin LTC/USD is trading at 61.99. Quotes of cryptocurrency trading below the moving average with period 55, which indicates that the bearish trend in Litecoin. At the moment quotes cryptocurrencies are moving near the upper border of the Bollinger bands. Expected to test the level of 68.00, where we can expect an attempt continue to fall and further development of a descending trend with the target near the level of 45.20.

Litecoin forecast for the week 1 — 7 October 2018

Conservative area for sales Litecoin is near the upper boundary of the Bollinger bands at the level of 68.50. The cancellation of the option to continue falling the pair LTC/USD will be a break out region the upper boundary of the Bollinger bands and moving average with period 55 and closing of quotations of the pair above the 75.00 area, which indicates the trend change in favor of bullish on Litecoin. In case of breaking the lower border of the Bollinger bands is expected to fall faster.

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