Cryptocurrency Litecoin (LTC/USD) is trading at 119.27. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.
Litecoin (LTC/USD) forecast and analysis on July 11, 2019
As part of the Litecoin course forecast, a test of 121.50 is expected. Where should we expect an attempt to continue the fall of LTC/USD and further development of the downward trend. The purpose of this movement is the area near the level of 111.50. The conservative Litecoin sales area is located near the upper border of the Bollinger Bands indicator bars at 123.50.
Cancellation of the option to continue the decline in the rate of Litecoin will be a breakdown of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing quotations of the pair above the 124.50 area. This will indicate a change in the current bullish trend for LTC/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Litecoin (LTC/USD) forecast and analysis on July 11, 2019 implies a test level of 121.50. Further growth is expected to continue to the area above the level of 111.50. The conservative area for buying Litecoin is located area of 123.50. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 124.50. In this case, we should expect the continuation of the fall.