Litecoin forecast for the week of 8 — 14 Oct 2018

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Litecoin forecast for the week of 8 — 14 Oct 2018

Litecoin LTC/USD is trading at 57.25. 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. Expected test 62.50 level where we can expect an attempt continue to fall and further development of a descending trend with the target near the level of 42.00.

Litecoin forecast for the week of 8 — 14 Oct 2018

Conservative area for sales Litecoin is near the upper boundary of the Bollinger bands at the level of 63.00. 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 70.00, which will indicate 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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