Litecoin forecast for the week 17 — 23 September 2018

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Litecoin forecast for the week 17 — 23 September 2018

Litecoin LTC/USD is trading at 56.34. Quotes of cryptocurrency trading below the moving average with period 55, which indicates that the bearish trend in Litecoin. At the moment quotes cryptocurrency moving average near the boundaries of the Bollinger bands. It is expected the test level 64.50, where we can expect an attempt continue to fall and further development of a descending trend with the target near the level of 38.20.

Litecoin forecast for the week 17 — 23 September 2018

Conservative area for sales Litecoin is near the upper boundary of the Bollinger bands at the level of 70.00. 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 the pair’s quotes above 90.00, which indicates a 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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